2023-08-17 15:31:00
Long-term interest rates continue to rise around the world, and Belgium is no exception. Its 10-year rate reached 3.351% on Thursday, its highest since spring 2012. High rates are unfavorable to people who borrow as well as to the Belgian Treasury.
Thursday’s increase was equivalent to 4.5 basis points.
This increase in particular makes mortgage borrowing more complicated, an effect that can already be seen in the Belgian market since the number of new loans for this purpose has halved in the first six months, reaching the lowest level since 2007.
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