Welcome to the website of the National Bank of Belgium

The National Bank of Belgium and the CEPR are organising a joint research workshop on “Reaching Net Zero: Electricity Markets, Carbon Pricing and Firms’ Responses” in Brussels on 19-20 March. The deadline for submissions is 20 December.

spotlight CEPR

After last month’s decline, the indicator picked up again in November. Confidence rose sharply in the business-related services sector, more than offsetting the large drop recorded in October. The business climate for trade is also improving. Businesses in turn reported tighter credit conditions in October.


Consumer confidence has been rising gradually since July, albeit at a moderate pace. This trend continued in November.

consumer confidence

Critical raw materials (CRMs) are crucial to fulfilling Europe's climate and digital ambitions. Imbalances between supply and demand will intensify competition for CRMs. Hence, the EU needs an ambitious CRM strategy involving international partners, explain NBB experts Kristel Buysse and Dennis Essers in their latest article.

SPOTLIGHT economic review 13 2023

Is the ECB going to cut rates? What are the economic consequences when short-term interest rates are higher than long-term ones? Read an analysis by our expert Bruno De Backer in a new article on our blog.


Are you curious about what we do at the NBB? Have you always wanted to take a look behind the scenes of a central bank? From today, we are breathing new life into our Facebook page. Check out the new page and don’t forget to follow us! 

facebook spotlight

Belgium hasn’t been experiencing greedflation, that much we already knew. In fact, corporate profit margins are currently falling due to rising wage pressures. But in the years preceding the current cost crisis, profit margins increased much more in Belgium than in other countries, mainly as a result of wage moderation.

spotlight reveco 8

Much like the questions in the popular board game Trivial Pursuit, bonds are increasingly being categorised by theme. As part of its investment strategy, the National Bank of Belgium is betting big on thematic bonds as such instruments can help to mobilise finance for the fight against climate change and advance the transition to a sustainable economy. 

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  • Press release - NAI - Quarterly aggregates (2023-III)

  • Press release - Bi-annual investment survey (2023-II)

  • Foreign Trade statistic - Monthly Bulletin (F-N) (2023-09)

  • Press release - Foreign Trade (F-N) (2023-09)

  • Press release - NAI - Government spending by functions and transactions (2023)

  • Press release - Consumer confidence indicator (2023-12)

  • National accounts - Supply and use tables (F-N) (2020)

  • Press release - NAI - Stock of land owned by individuals (2022)

  • Press release - Business confidence indicator (2023-12)

  • Press release - Net international investment position and balance of payments financial account (2023-III)

In the picture