After the successful exhibition “Building a Dialogue” (2019) that brought together pieces out of the National Bank of Belgium and the Deutsche Bundesbank’s art collections, the NBB’s contemporary art ...

This publication consists of three parts: the Macroprudential Report: a report on the Bank’s macroprudential supervision; the Financial Stability Overview: an overview of the main determinants of the ...

House prices have increased very strongly in the first COVID year and this increase was not driven by changes in the quality of the property sold. Turning to the longer term, the energy quality of ...

Brussels, August 2020 – Belgian firms estimate that their turnover is currently still 13 % below normal levels. This is certainly an improvement on the situation at the end of June (+4 percentage ...

The fight against the Covid-19 pandemic has necessitated unparalleled health measures, with whole swathes of the Belgian economy halted and restrictive measures imposed on the population, and normal ...

The outbreak of the COVID-19 pandemic and the measures that have been taken to curb the virus’s spread have had a huge impact on the Belgian economy. This article first and foremost takes stock of the ...

International institutions consider risks to the sustainability of Belgian public finances as “high”. But what is the debt outlook for the federal government, the regions and the communities within ...

In March 2020, at the beginning of the pandemic, the NBB released this macroprudential capital buffer worth around € 1 billion in order to provide additional room for Belgian banks to (1) recognise, ...

The countercyclical buffer is a temporary macroprudential buffer that is built up during the upward phase of the credit cycle in order to ensure sufficient absorption capacity for banks to have a big ...

In 2024, the European Union reached an agreement on a new European fiscal framework. This was essential given that risks to the sustainability of public finances have increased significantly in ...

In many advanced economies, public debt has been flirting with historic highs or even exceeded them, while interest rates have remained historically low, raising deep questions about the actual risks ...

Today, the National Bank publishes its Macroprudential Report and Financial Stability Report. With these annual publications, the Belgian macroprudential authority, as requested by the legislator, ...