2016-04-01

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2016 Q2: Quarterly decision of the National Bank of Belgium on the countercyclical buffer rate (1 April 2016): 0%

The National Bank of Belgium maintains the countercyclical buffer rate for exposures in Belgium at 0% for the second quarter of 2016. This decision applies to credit exposures to counterparties located on Belgian territory and is based on a credit-to-GDP gap of -0.6% for the non-financial private sector as of the fourth quarter of 2015. The rate remains unchanged from the previous quarter, reflecting the current assessment of cyclical systemic risks and excessive credit growth in the domestic financial system.

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