Brief: The National Bank of Belgium Keeps CCyB Rate At 0%

Nationale Bank Van Belgie NV

23/12/2020 10:20

Dec 23 (Reuters) - BANQUE NATIONALE DE BELGIQUE SA
 BNAB.BR :
    * DECIDED ON 8 DECEMBER 2020 TO MAINTAIN COUNTERCYCLICAL
BUFFER
RATE FOR CREDIT RISK EXPOSURES TO BELGIAN PRIVATE NON-FINANCIAL
SECTOR AT 0% FOR Q1 2021
    * EXPECTS NOT TO INCREASE COUNTERCYCLICAL CAPITAL BUFFER
(CCYB) AT
LEAST UNTIL Q3 2021
    * SAYS REACTIVATION OF CCYB IN SHORT RUN SEEMS VERY UNLIKELY
    * WILL ALSO INTERPRET CAUTIOUSLY SIGNALS FROM STANDARD
INDICATORS
OF CREDIT CYCLE AND OVERRIDE POTENTIALLY PROCYCLICAL AND
ERRONEOUS SIGNALS THAT COULD FOLLOW FROM SPECIFIC INDICATORS
    * WILL REVIEW SITUATION ON QUARTERLY BASIS

    
 Source text for Eikon:  ID:nNDLm34jl 
 Further company coverage:  BNAB.BR  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))