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The government was able to raise nearly 22 billion euros by issuing one-year government bonds. Despite this overwhelming success, Vincent van Petegem, the Minister of Finance, failed to achieve his goal: boosting interest rates on savings. Experts indicate that some side effects will appear soon.
Why is this important?
This contribution comes from the Money Insider newsletter. Every week, journalist Niels Silence highlights current events in the world of finance in this newsletter. during this link You can subscribe to his weekly newsletter.Everyone who subscribed to government bonds now typically owns government bonds. However, there is a possibility that not all savers who entrusted part of their capital to the state will now have received the so-called Van Peteghem coupon. Many banks had difficulty processing all applications. If payment is received into the debt agency’s account after September 1, the government agency will refund the funds.
Vincent van Petegem (CD&V), Minister
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