“We have thirty years of experience to learn from. Thirty years of crises and successes, of design flaws and great innovation, of opportunities for reform that we have missed, and opportunities for prosperity gains that we have seized.” This is what Klaas Knot said at the Maastricht Treaty.
Current economic issues
De Nederlandsche Bank is committed to a robust and well-functioning economy, that is accessible to all and in which everyone is able to participate. This is in the interest of all Dutch people. Because it is about our work, homes, savings and pensions. A strong financial sector is also essential. The current global crisis caused by the coronavirus pandemic has made this clear. The buffers that the government, financial institutions and businesses have built up in recent years help to absorb shocks. Together with other authorities at home and abroad, we closely monitor the situation, taking action where needed to minimise economic fallout.
The coronavirus crisis, the pension system, the labour market and the housing market; there are challenges in all these areas. And we want to contribute to long-term solutions. As an independent advisory body, we clearly indicate the possibilities and the consequences of certain choices. And others can make decisions based on this advice.
“The job for central bankers is clear. Like on the painting, we will rise up, fiercely spread our wings, and protect our eggs from the menacing mongrel of inflation,” said Klaas Knot, referring to "The Threatened Swan" at the informal dinner of the Economic and Financial Committee at the Rijksmuseum
Dutch households again lost a significant amount of wealth in the stock market in the second quarter of 2022.