ECB President calls on Bulgaria to maintain stable public finances

Bulgaria's commitment to maintaining stable public finances is extremely important. This was stated by European Central Bank (ECB) President Christine Lagarde in response to a question from BTA at a press conference after the two-day monetary policy meeting in Frankfurt am Main.

“Bulgaria is currently experiencing high price level, high inflation and that might have to do with the fact that some prices that have been kept on hold for a period of time have found their way into the markets. It is not totally unusual and we always have divergences between Member States," Lagarde commented. According to her, it is important to ensure that inflation returns to more acceptable levels, especially for the Bulgarian population. We are monitoring the euro area as a whole, but we are also paying attention to the differences, and this is definitely one of them at the moment, the ECB head added.

Editor: Ivo Ivanov