Belgium’s long-term interest rate falls below zero for the first time ever
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    Belgium’s long-term interest rate falls below zero for the first time ever

    In a historic development, Belgium’s long-term interest rate has dropped below zero for the first time ever.

    At 8.30 a.m. on Wednesday, the 10-year rate had sunk to -0.022%.

    The low interest rate is a boon to borrowers and the Belgian Treasury, but bad news for savers.

    The situation is similar in Austria, Finland, France, Germany and the Netherlands, the Bloomberg agency reported on Wednesday.

    Oscar Schneider

    The Brussels Times