National Bank Advises Against Compulsory Increase in Savings Account Interest Rates: Vooruit Proposal to Link with ECB Interest Rate

The federal government had asked the National Bank for advice on a possible compulsory increase in the interest rate on savings accounts. It rises more slowly than the interest that banks receive from the European Central Bank (ECB).

The government party Vooruit therefore proposed to link the ECB interest rate to the interest rate on savings books. The National Bank was clear about this in its advice: an obligation is not a good idea. It would be too risky for the banks.