Show menu

inflation

  • Mercredi 7/12/2022

    There’s a bit of good news for Belgian consumers: the federal energy regulator, CREG, issued a noteworthy draft decision on 10 November, characterising certain formula adjustments to energy contracts as "unfair trade practices". As from January 2023, it therefore aims to require energy suppliers to observe stricter indexation rules.

  • Mercredi 7/12/2022

    The purpose of this presentation is to explain which investment tools help in preserving the purchasing power of your savings. The authors show that investing in equities is the best way to preserve purchasing power. They further explain which classic investor mistakes cause investors to throw in the towel with disappointment. Finally, investing in gold and real estate is explained as an alternative to investing in equities. In this presentation, the authors aim to dispel the specter and aversion of investing to their audience.

  • Mercredi 7/12/2022

    There are many reasons for the huge inflation, and they reinforce each other. Considering the recent developments in energy prices, inflation should start dropping from the end of 2022 onwards. The impact of the owner-occupied house price index (OOH) on the harmonised index of consumer prices is quite neutral. Given the large swings in energy wholesale market prices, forecasting the inflation is not evident. The NBB follows a bottom-up approach via the estimation of different components: energy, food, and core inflation. The impact of the high inflation, caused to a large extend by the energy prize shock, implies an impoverishment of the Belgian economy. On average the purchasing power of the households is protected, as a large part of the bill (wage costs) is paid by the companies. But higher wages negatively impact the competitiveness of the companies. Also, the primary fiscal deficit of the government is increasing, while the public debt is growing. In response to the high inflation environment, the ECB has tightened the monetary policy by increasing interest rates and stopping the net purchase programmes.

  • Lundi 14/11/2022

    In this article, we look back at the origin of the inflation that led the main central banks to drastically increase their key rates this year. The article then illustrates the initial effects of these rate hikes on the economy and financial markets. Finally, it questions the need for central banks to continue these rate hikes, distinguishing between the situation in the United States and in the Eurozone.

  • Jeudi 1/9/2022

    This article summarizes the key-messages of the presentations given by Freddy Van den Spiegel (Professor VUB), Gert Peersman (Professor University Ghent) and Bruno Colmant (Partner Roland Berger) during the BFF Webinar ‘Towards a “new normal” for the monetary system?’ on 20 May 2022.

  • Lundi 30/5/2022

    This is the speech given by Philip R. Lane, Member of the Executive Board of the ECB, at Bruegel (Brussels, 5 May 2022).

     

     

  • Vendredi 17/4/2020
    Johan Van Gompel

    The corona crisis is taking a high human toll, but clearly also has a significant impact on the economy. In this article, we offer an update of KBC’s economic outlook for the Belgian economy. We are aware that this numerical estimate, even more than in normal times, is uncertain. Nevertheless, we want to provide new economic insights. They take into account the latest developments in the spread and medical impact of the Covid-19 virus and policy responses to mitigate the impact on public health and the economy. In our analysis we take several possible scenarios for GDP growth into account: a base scenario and an optimistic and pessimistic scenario, which we currently assign a probability of 50%, 15% and 35% respectively. In a box added to the article, we also provide an estimate of the impact of the crisis on Belgium’s public finances. 

  • Mercredi 1/2/2017
    René Havaux

    Les banques centrales ont fait baisser les taux d’intérêts à un niveau artificiellement bas. L’épargnant en est la première victime alors que les Etats en sont les bénéficiaires, c’est un véritable tax shift de plusieurs milliards d’Euros dont on parle peu. La montée d’une inflation monétaire dans un environnement de taux bas est atypique et constitue une menace supplémentaire pour les épargnants. La seule manière de se donner une chance de sortir de ces pièges est la prise de risques et l’investissement dans des actifs. Cette solution n’est pas à la portée de tous les épargnants. Le choix et la diversification des risques comportent des aspects techniques parfois complexes.