Interest Rate in Belgium
Belgium - Interest RateOutput grew at a reduced pace in Q1 2022 compared to Q4 2021, chiefly driven by a contraction in industry. That said, the services and construction sectors expanded at healthy paces and unemployment continued its downward trend. Since March, growth is likely sluggish, affected by the global slowdown in demand and high inflation. Industrial production is likely being affected by the sector’s elevated dependency on Russian gas, high prices for which will squeeze firms’ profit margins. Moreover, consumer confidence remained severely downbeat in April and May, likely weakening consumption in the quarter. That said, business confidence held up through May, which could be supporting investment intentions. Finally, in a May report the European Commission recommended that Belgium focus on addressing fiscal sustainability challenges, excessive red tape and the low participation rate.
Belgium - Interest Rate Data
|Policy Interest Rate (%)||0.05||0.0||0.0||0.0||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Belgium Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.10||0.15 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 22, 2022
Consumer confidence rose to minus 11.0 in August from July's minus 13.0.
August 10, 2022
Industrial output dived 11.6% year on year in calendar-adjusted terms in June, which followed May's 1.7% decrease.
July 28, 2022
According to a preliminary reading, GDP growth waned to 0.2% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, from 0.5% in the first quarter.
July 20, 2022
Consumer confidence fell to minus 13.0 in July from June's minus 11.0, following three consecutive months of increases in the index.
July 11, 2022
Industrial output declined 1.3% year on year in calendar-adjusted terms in May, which was a smaller contraction than April's 2.0% decrease.