Interest Rate in Belgium

Belgium Interest Rate | Economic News & Forecasts

Belgium - Interest Rate

The economy contracted even more sharply in the second quarter, after shrinking at the fastest pace on record in the first quarter due to Covid-19. Industrial production crashed by nearly a quarter in April as the full weight of social distancing measures and closure of non-essential activities took hold. Moreover, household spending and fixed investment are set to have fallen at a steeper rate as suggested by record-low business confidence and depressed consumer sentiment in the quarter. In politics, the special powers assigned to the emergency government of Prime Minister Sophie Wilmès are set expire at the end of June unless Parliament extends them to the end of September. Meanwhile, discussions to form a federal government are ongoing and the risk of new elections is elevated given the plethora of political parties remain at loggerheads over key policy issues.

Belgium - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)0.05  0.0  0.0  0.0  0.0  

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Belgium Interest Rate Chart


Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Belgium Facts

Value Change Date
Bond Yield0.100.15 %Dec 31
Exchange Rate1.120.65 %Dec 31

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