Bad News for Belgians: Interest Rates Reach an Unprecedented Level Since 2008
3 Articles
3 Articles
Driven by rising oil prices and geopolitical tensions, Belgium's 10-year borrowing rate has risen to 4.3%, reaching its highest level since the 2008 financial crisis. ...
Picture Alliance The Belgian ten-year interest rate has exceeded 4.3% on Monday. It is its highest level since autumn 2008, in the wake of the financial crisis of the time. An increase in interest rates is bad news for both the public treasury and the real estate market, as it makes borrowing more expensive. The rise in long-term interest rates is not an exclusively Belgian problem, but a phenomenon observed all over the world. In the United Sta…
The rise in interest rates is putting pressure on the refinancing of Belgian government debt. At an auction, the Belgian state raised funds at 4.3 percent, an interest rate not seen since 2012.
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