The heads of the Bulgarian National Bank have expressed their reserve with respect to the idea of the nationalist party Ataka to tie the interest rate on bank credits with the interest rate on bank deposits.

The Governor of the BNB Ivan Iskrov and his three deputies met Monday with the leader of Ataka Volen Siderov to discuss the nationalists’ ideas for a new mechanism for bank regulation.

On Sunday, Siderov, whose party Ataka is a major ally of Bulgaria’s ruling party GERB as it provides it with the necessary votes for a parliamentary majority, announced the formation had new legislation ideas for a future national economic strategy, including the adoption of new regulation stating that the maximum level of interest rates on credits should not be 0….