Despite weaker economic activity in the euro area, the Belgian economy is projected to grow by 0.3% in the last quarter of 2023 thanks to strong domestic demand. Read the latest NBB projections in the new Business Cycle Monitor, which provides a forecast for economic growth this quarter. 

The NBB is required by law to formally review the appropriate level of the countercyclical capital buffer (CCyB) on a quarterly basis. Following its latest review, the NBB has decided to leave the current level unchanged for this quarter. It will thus continue to execute the decisions taken last quarter. 

According to the IMF, the Belgian financial sector has proved resilient to a number of shocks in recent years and remains well capitalised and profitable. 

On Thursday, 7 December 2023, Data News announced its CIO of the Year. This award is given to an individual who has demonstrated strategic vision, leadership, strength of character and the ability to contribute to corporate business strategies over the course of their career. Congratulations, An!

Economic conditions remain challenging, according to business leaders interviewed for the latest NBB Business Echo. Although the final months of 2023 could see a slight slowdown in activity, they consider an actual decline very unlikely. And according to many, there are tentative signs of improvement on the horizon in early 2024.

The NBB has redesignated eight banks as systemically important institutions. These institutions play a crucial role in the country's financial stability. Additional capital requirements are imposed upon them to strengthen their resilience.

Gross domestic product (GDP) increased by 0.4% in the third quarter of 2023. The manufacturing industry reported a slight contraction in value added, by 0.5% , while services and construction saw positive growth, of 0.7% and 0.6%, respectively.