Belgium borrows 1.79 billion euros on a short-term basis at negative rates

Belgium has borrowed 1.79 billion euros, on a short-term basis. The Debt Agency announced this yesterday (Tuesday).

In detail, 0.35 billion was borrowed through three-month treasury certificates, at an average rate of -0,676%, and 1.44 billion by means of 12-month treasury certificates, at an average rate of -0,656%.

These negative rates, which have become somewhat customary but are quite remarkable nevertheless in modern times, mean that Belgium will repay slightly less than it has borrowed upon their maturity.

The author: Margareta STROOT

Margareta Stroot, a multi-talented individual, calls Brussels her home. With a unique blend of careers, she balances her time as a part-time journalist and a part-time real estate agent. Margareta's deep-rooted knowledge of the city of Brussels, where she resides, has proven invaluable in both of her roles. Her journalism captures the essence of the city, while her real estate expertise helps others find their perfect homes in the vibrant Belgian capital.

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