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How did Belgian firms benefit from three decades of declining interest rates?

Author

Listed:
  • Ch. Piette

    (NBB)

  • J. Tielens

    (NBB)

Abstract

Declining interest rates led to lower financing costs, stronger equity positions and more comfortable cash buffers for companies but not to a significant rise in business investment rates.

Suggested Citation

  • Ch. Piette & J. Tielens, 2023. "How did Belgian firms benefit from three decades of declining interest rates?," Economic Review, National Bank of Belgium, pages 1-26, November.
    • Handle: RePEc:nbb:ecrart:y:2023:m:november1
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