Policy Rate in Belgium
Harmonized inflation slowed to 3.4% in April (March: 4.9%), its lowest rate since July 2021, on falling energy prices. However, core inflation remained far above the headline rate, likely on second-round effects. Inflation should ease this year compared to 2022 on higher interest rates and lower commodity prices, but a potential wage-price spiral is an upside risk.
Belgium Policy Rate Chart
This chart displays Policy Rate (%, eop) for Belgium from 2013 to 2022.
Belgium Policy Rate Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| ECB Refinancing Rate (%, eop) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |