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Cost of moneyBelgium

Real policy rate in Belgium

Does money at the central bank’s rate actually beat inflation?

Belgium's real policy rate is 0.03 % — #38 of 53 countries on the atlas (higher is better). Period 2026-09.

0.03%

Checked 24 Oct 2026Period 2026-09

Source: Fiatmap derived metrics (own calculation from separately sourced components)

Positive: money in the bank in Belgium currently grows 0.0 pp faster than prices.

Real policy rate in Belgium over time

2.03 %0.90 %-0.22 %2.03 % · December 1998-0.22 % · June 2026December 1998: 2.03 %June 2026: -0.22 %September 2026: 0.03 %December 1998June 2026September 20260.03 %
3 official observations, December 1998 → September 2026. Every point is a published value — never interpolated.
Rank
#38 of 53
higher is better
Ranked behind
28 %
15 of 53 countries
Latest move
▲ 0.25 pp
since June 2026
Below its peak
2.00 pp
peak 2.03 % in December 1998
Full series
▼ 2.00 pp
since December 1998

In Europe: #17 of 30vs median 0.88 %: −0.85 pp (worse)

Among 53 countries

2 of 53 countries between -1.92 % and -1.62 %1 of 53 countries between -1.62 % and -1.32 %4 of 53 countries between -1.32 % and -1.02 %1 of 53 countries between -1.02 % and -0.72 %1 of 53 countries between -0.72 % and -0.42 %3 of 53 countries between -0.42 % and -0.12 %7 of 53 countries between -0.12 % and 0.18 %7 of 53 countries between 0.18 % and 0.48 %4 of 53 countries between 0.78 % and 1.08 %5 of 53 countries between 1.08 % and 1.38 %3 of 53 countries between 1.38 % and 1.68 %1 of 53 countries between 1.68 % and 1.98 %1 of 53 countries between 1.98 % and 2.28 %2 of 53 countries between 2.28 % and 2.58 %4 of 53 countries between 2.58 % and 2.88 %1 of 53 countries between 2.88 % and 3.18 %1 of 53 countries between 3.18 % and 3.48 %2 of 53 countries between 3.78 % and 4.08 %3 of 53 countries between 4.98 % and 5.28 %median 0.88 %Belgium: ahead of 28 % of the 53 countries with a published real policy rateBelgium 0.03 %-1.92 %5.28 %
Half of all 53 countries sit between -0.06 % and 2.16 %. Belgium is ahead of 28 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryReal policy ratevs Belgium
36 Malta0.14 %+0.11 pp
37 Slovenia0.13 %+0.10 pp
38 Belgium0.03 %—
39 Greece0.02 %−0.01 pp
40 Poland-0.06 %−0.09 pp

Policy rate minus annual CPI inflation — positive means money in the bank beats inflation. Our calculation from separately sourced components.

How to read this figure

Our own calculation: the central bank policy rate minus annual CPI inflation. It answers one question — does parked money beat rising prices? Both components are separately sourced official figures, and we never compute it when either leg is missing.

Next, about Belgium

Mortgage ratesInflation rate
Real policy rate, all countries ranked →Compare Belgium with another country →Everything about Belgium →Methodology →
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