✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #7
Bulgarian National Bank Warns Bank Tax Could Raise Cost of Credit
Original: BNB Warns Bank Tax Could Raise Cost of Credit
The Bulgarian National Bank (BNB) has warned that a proposed tax on banks could ultimately raise the cost of credit for businesses and households. The central bank's warning adds to a debate over whether the levy would hit lending conditions in the wider economy. Critics of such taxes argue banks typically pass the extra cost on to borrowers.
Why now: A central bank warning about higher borrowing costs is a significant intervention in an active policy debate over bank taxation.
Bulgarian National BankBulgaria
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Evidence
- BNB Warns Bank Tax Could Raise Cost of Credit · Novinite.com
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