Belgium’s ten-year interest rate hovered around 2.57% on Tuesday, a drop of over 8 basis points in just one day.
The only time this year that the rate was lower was in mid-January, at 2.524%.
A low interest rate makes borrowing cheaper, thus benefiting the Treasury and those wishing to purchase a property.
In early October, Belgium’s long-term interest rate stood at over 3.6%, the highest rate recorded in over eleven years. Since then, it has been on a steady decline.
