Central Banks
Bulgaria Tempers Euro Adoption Push on Inflation Miss
- Bulgaria says it isn’t meeting price stability target yet
- Cabinet to request EU assessment once all criteria are covered
The Bulgarian national assembly building in Sofia, Bulgaria.
Photographer: Michaela Vatcheva/BloombergThis article is for subscribers only.
Bulgaria’s newly formed government will hold off taking the next step toward adopting the euro until the Balkan nation formally meets European Union requirements.
The country remains short of a criterion on price stability, Finance Minister Temenuzhka Petkova said on Thursday. It will request assessment from the European Commission and the European Central Bank, a key step in the adoption process, once that benchmark is met, she said.