Mon, 08 Nov 2021 10:17:28 GMT Thu, 26 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/ According to new figures from De Nederlandsche Bank (DNB), the total value of Dutch exports to the Middle East amounted to €47 billion in 2025, while imports totalled €21 billion. This means that the Netherlands’ trade with the region accounts for less than 5% of total Dutch imports and exports. Thu, 26 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2026/the-netherlands-has-limited-financial-ties-with-the-middle-east/ It is precisely in these uncertain times that we must strengthen the Dutch economy. And this requires a strong European Union that is more resilient and autonomous. Tue, 24 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2026/uncertain-times-call-for-a-strong-netherlands-and-a-strong-europe/ The war in the Middle East could cause inflation in the Netherlands to rise significantly, though less so than during the 2022 energy crisis. In a severe scenario, economic growth could slow down considerably. This is according to new calculations by De Nederlandsche Bank. Tue, 24 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/war-in-the-middle-east-the-impact-on-the-dutch-economy/ Import tariffs seem like a reasonable way for a country to protect its economy. But do they really work in practice? How do import tariffs affect the economy of the country that imposes them and the countries that are subject to them, and how should a central bank respond? Thu, 05 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2026/what-do-tariffs-mean-for-the-economy-impact-of-import-tariffs-on-prices-trade-and-growth/ ‘Our role as a central bank may be modest, but we are fully committed to doing our part to support you‘, said Olaf Sleijpen in a panel meeting with students at the National Bank of Ukraine, in Kyiv last Thursday. Mon, 23 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2026/standing-with-ukraine-strengthening-europe-resilience-growth-and-stability/ The European Central Bank (ECB) kept the interest rate at 2% again in February. It has done so for five consecutive meetings, because inflation is stabilising around the 2% target, while the economy is growing steadily but still faces uncertainties. Thu, 12 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2026/why-the-ecb-has-kept-the-interest-rate-unchanged-at-2/ The Netherlands is set to spend more than €19 billion extra on defence on a structural basis. If we want to efficiently increase our military capacity with these additional billions, we need to look at where we have an edge over other European countries. Fri, 06 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/target-additional-defence-expenditure-for-greatest-strategic-benefit/ The size of financial relations between the Netherlands and other countries has grown further this year, as revealed by new figures from De Nederlandsche Bank (DNB). Wed, 24 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/the-netherlands-remains-financially-closely-intertwined-with-other-countries/ The figures paint a remarkably positive picture: the Dutch economy is growing faster than expected. But where do we really stand, and what can the government do to address factors that are constraining further growth? Below, we discuss five figures from our Autumn Projections. Fri, 19 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/the-dutch-economy-in-five-figures-where-do-we-stand/ Growth in the Dutch economy is significantly higher this year than expected in the spring. Whereas economic growth for 2025 was estimated at 1.1% last June, it is now projected to be 1.7%. This is evident from the Autumn Projections, published today by De Nederlandsche Bank (DNB). Fri, 19 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/dutch-economy-shows-remarkably-higher-growth/ New figures from De Nederlandsche Bank (DNB) show that income from foreign direct investment and royalties channelled through the Netherlands to low-tax jurisdictions continued to fall in 2024. Mon, 15 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/corporate-profits-flowing-to-tax-havens-via-the-netherlands-continue-to-decline/ ‘If we manage to rise to the occasion, Europe could truly become an Innovation Union’, said Olaf Sleijpen at the Central Bank of Ireland Financial System Conference in Dublin today. Tue, 25 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/awakening-europe-s-inner-animal-building-a-resilient-and-innovative-economy/ Geopolitical tensions and global uncertainty about economic policy continue to amplify the likelihood of economic and financial shocks, posing significant risks to financial stability in the Netherlands. These developments are analysed in detail in the Financial Stability Report published today.  Mon, 17 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/financial-stability-outlook-remains-concerning/ In the first half of 2025, the total value of Dutch institutions’ holdings in foreign government bonds declined by €23 billion, according to new figures from De Nederlandsche Bank. The losses were primarily concentrated in government bonds issued by countries in Europe, driven by interest rates.  Tue, 23 Sep 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-institutions-suffered-losses-on-european-government-bonds-in-first-half-of-2025/ For the first time in more than a year, the ECB did not lower its key interest rate but kept it unchanged at 2%. Does this mean inflation is under control? Or are there other factors at play, and is the ECB just taking a breather? A look at some of the ECB's considerations. Fri, 25 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/why-the-ecb-has-kept-its-interest-rates-unchanged/ In the first quarter, the current account balance was 9,9% of GDP, almost the same as last year. Despite rising geopolitical tensions, imports and exports of goods and services increased. Tue, 24 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/current-account-balance-remains-high/ The Dutch economy is set to grow by 1.1% in 2025. Uncertainty and trade tensions will continue to mute economic growth at around 1% a year for the following two years. This is according to the Spring Projections as published by De Nederlandsche Bank (DNB) on Friday. Fri, 06 Jun 2025 13:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/uncertainty-and-trade-tensions-weigh-on-economic-growth/ Recent years have seen Dutch banks lend more to domestic businesses, following a period in which growth in corporate lending lagged behind the euro area average. This is according to new figures from DNB which are discussed in the Dutch economists’ journal ESB today. Tue, 27 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-corporate-bank-lending-picks-up/ Based on a broader definition of investment income, the average Dutch current account surplus for the period 2021-2023 falls from 8.8% to 7.5%. This has emerged from an analysis conducted by DNB. The broader definition is in line with a recent International Monetary Fund (IMF) recommendation. Thu, 22 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/broader-definition-of-income-leads-to-lower-current-account-surplus/ The outlook for financial stability in the Netherlands has deteriorated due to geopolitical tensions and high economic uncertainty. In particular, uncertainty around trade, international cooperation and government budgets has risen sharply in recent months. Tue, 20 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/global-economic-uncertainty-leads-to-higher-financial-stability-risks/ Trade conflicts and geopolitical tensions are resulting in historically high economic uncertainty worldwide. While much of the uncertainty originates abroad, its implications are also felt here in the Netherlands. Thu, 08 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/how-uncertainty-can-slow-down-the-dutch-economy/ On 2 April, President Trump’s announcement of "reciprocal tariffs" sent a shockwave through the global trading system and financial markets. If these exceptionally high tariffs are actually implemented, they would affect the Dutch economy mainly through a decline in global trade. Thu, 01 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/how-the-us-tariffs-can-harm-the-dutch-economy/ From zinc smelters to asphalt producers, and from food producers to refineries – energy and emissions costs are determining factors for the output of much of Dutch industry. Thu, 03 Apr 2025 14:49:33 GMT https://www.dnb.nl/en/general-news/news-2025/dnb-studies-industry-resilience-to-cost-increases/ Today, De Nederlandsche Bank publishes ‘Resilience in turbulent times’, a study on the potential impact of geopolitical risks on financial institutions. DNB economist Maurice Doll co-wrote the study and talks about its main findings. Mon, 31 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/european-cooperation-essential-to-confront-geopolitical-risks/ We are facing geopolitical instability with the threat of a global trade war on top of a war in Ukraine that has been raging for three years. The world has been turned upside down again in recent weeks. Understandably, this has led to high levels of anxiety and uncertainty among citizens. Thu, 20 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/robust-policies-in-an-uncertain-world/ ‘We in the Netherlands have little influence on many of the developments currently taking place in the world. But we can do one thing. And that is to work to mitigate the economic consequences and perhaps seize new opportunities.’ Klaas Knot said this at the presentation of DNB’s 2024 Annual Report. Thu, 20 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/introductory-remarks-upon-the-presentation-of-the-2024-annual-report/ Dutch firms, institutions and households collectively held nearly €3,500 billion worth of securities as at year-end 2024. This is according to new figures DNB today released for the first time. From now on, DNB charts the securities holdings of the overall Dutch economy. Mon, 17 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-portfolio-investments-total-nearly-3-500-billion/ The negative balance in the goods trade with the United States has weakened in recent quarters after rising sharply since 2021, as revealed by new DNB balance of payments figures. In the third quarter of 2024, the balance was € -3.7 billion. Tue, 24 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/import-surplus-in-goods-trade-with-us-shrinks/ Geopolitical shocks have a significant impact on the solvency of Dutch and European insurers. This has emerged from a stress test published by the European Insurance and Occupational Pensions Authority (EIOPA) on 17 December 2024. Tue, 17 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/geopolitical-shocks-have-a-significant-impact-on-the-solvency-of-dutch-and-european-insurers/ In the Netherlands, economic growth is set to accelerate in the coming years, but geopolitical uncertainty is increasingly threatening the Dutch economy. In addition, at 3%, inflation in the Netherlands will remain higher than in the euro area in the years ahead. Fri, 13 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/economic-growth-continues-uncertainty-increases/ Income from foreign direct investment in the Netherlands flowing to low-tax jurisdictions has declined structurally since 2020, new figures from DNB show. Income flows with other countries remained more stable over the same period. Wed, 11 Dec 2024 10:01:39 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/income-flowing-to-tax-havens-through-the-netherlands-structurally-down/ On 7 November, Klaas Knot was a guest at Room for Discussion, the interview programme of students from the University of Amsterdam. How does Knot experience the challenges in the field of monetary policy? How do you balance economic growth, financial stability and the fight against inflation? Mon, 25 Nov 2024 10:36:18 GMT https://www.dnb.nl/en/general-news/media-2024/klaas-knot-at-room-for-discussion-students-uva/ ‘Given the growing cyber risks, we must continue our work to reduce the probability of cyberattacks while simultaneously boosting our resilience against their potential impact.’, said Olaf Sleijpen at the IIF International Accounting and Reporting Forum. Tue, 12 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/risks-to-financial-stability-in-autumn-2024/ The heightened international tensions can have an impact on financial institutions, according to De Nederlandsche Bank (DNB) in its supervisory strategy for 2025-2028 and in a study on the impact of geopolitical risks on financial institutions. Mon, 11 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/growing-geopolitical-risks-impact-financial-sector/ Based on a new forecast model, DNB expects the Dutch economy to grow by 0.4% in the third quarter of 2024 compared to the previous quarter. The uncertainty surrounding this forecast is large. In mid-November, CBS publishes the first official measurement of economic growth in the third quarter. Thu, 03 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dnb-develops-new-model-to-forecast-short-term-economic-growth/ The current account surplus of the Netherlands’ balance of payments was €24.8 billion in the second quarter of 2024, almost the same as the corresponding period last year, new figures from DNB show. Mon, 23 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-current-account-balance-remained-almost-unchanged-despite-larger-export-surplus/ ‘Our world is currently threatened by increasing fragmentation, both political and economic.’ concluded Olaf Sleijpen in his opening speech at the 8th Annual Macroprudential Conference, organised by the Bundesbank, the Riksbank and De Nederlandsche Bank. Wed, 26 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/on-how-geo-economic-fragmentation-affects-financial-stability/ The Dutch conduit sector is shrinking faster than previously assumed. This is one of the findings of a five-yearly revision of the balance of payments figures, the results of which are being published by DNB today. Mon, 24 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/contraction-of-dutch-conduit-sector-previously-underestimated/ ‘Economic growth in the Netherlands is expected to pick up in the year ahead, spurring confidence in a “soft landing” for our economy.’ Klaas Knot said this today during the annual public session in the House of Representatives on macroeconomic risks to the financial system. Tue, 18 Jun 2024 17:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/klaas-knot-s-introductory-statement-for-the-standing-parliamentary-committee-for-finance/ Trust in the financial institutions among Dutch households remained stable over the past year. This has emerged from a DNB survey of more than 2,400 households. Mon, 17 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/public-trust-in-banks-insurers-and-pension-funds-remains-stable/ Lower inflation combined with a rebounding economy has a positive effect on financial sector stability. At the same time, uncertainty is increasing. Tue, 11 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/financial-stability-boosted-by-soft-landing-of-the-dutch-economy/ ‘As the disinflationary path in the euro area continues and the medium-term inflation outlook further improves, we become increasingly confident that inflation will return to target in a timely manner', said Klaas Knot in his speech at the Barclays-CEPR Monetary Policy Forum today. Tue, 28 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/learn-from-the-past-and-plan-for-the-future-a-perspective-on-monetary-policy/ The Netherlands' net external asset position in 2021 was €181 billion lower than previously estimated. This is according to adjusted balance of payments data published by DNB today. Thu, 23 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-net-external-assets-181-billion-lower-than-previously-measured/ Klaas Knot spoke with Takerou Minami from Nikkei about monetary policy and financial stability. The interview was published on April 30th 2024. Tue, 30 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/media-2024/interview-klaas-knot-with-nikkei/ According to the DNB business cycle indicator, the low point of the economic cycle has been reached, after which economic growth will pick up gradually and at a moderate pace this year. Thu, 28 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/turnaround-in-the-economy/ In the fourth quarter of 2023, foreign multinationals transferred over €300 billion in conduit activities from the Netherlands abroad. These relocations indicate adjustments in business structures, and may be due to the introduction this year of a minimum tax for these international companies. Mon, 25 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/conduit-activities-in-the-netherlands-declined-in-fourth-quarter-of-2023/ The Dutch economy is strong and resilient, but not everyone in the Netherlands experiences it that way. Many people are struggling financially or have concerns about their future. The Netherlands should therefore strive for a highly developed and finely tuned economy that works better for everyone. Thu, 14 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/towards-an-economy-that-works-better-for-everyone/ “We see that while the Dutch economy is doing quite well, it is not working well enough for some groups in society.” Klaas Knot said this at the presentation of DNB’s 2023 Annual Report. Thu, 14 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/introductory-remarks-upon-the-presentation-of-the-2023-annual-report/ De Nederlandsche Bank (DNB) recorded a negative result of almost €3.5 billion in 2023. The lion’s share – more than €2.3 billion – is absorbed by the provision for financial risks, while the remaining loss of over €1.1 billion is charged to capital and reserves. T Fri, 23 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dnb-records-negative-result-of-3-5-billion-in-2023/ The Dutch current account balance increased by €7.1 billion in the third quarter of 2023 compared to a year ago, reaching a record level of €32.2 billion. The increase can be attributed to developments in the goods account and the primary income. Fri, 22 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-current-account-balance-rises-further/ In his introductory remarks at the Fifth Macroprudential Policy and Research Conference at the ECB in Frankfurt Klaas Knot discussed some of the challenges in using macro-prudential tools. Tue, 17 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/introductory-remarks-klaas-knot-at-ecb-fifth-macroprudential-policy-and-research-conference/ The Dutch financial sector must be prepared to face increasing interest rate and credit risks at financial institutions. In addition, lower liquidity in financial markets may cause price fluctuations in one market to spill over to other parts of the financial system more quickly. Mon, 09 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/risks-to-financial-stability-increase-due-to-rapidly-rising-interest-rates/ “Risks to financial stability increase due to rapidly rising interest rates. Rising interest rates have made it more expensive for households and businesses in the Netherlands to borrow money.” Klaas Knot said this today at the presentation of DNB’s autumn 2023 Financial Stability Report. Mon, 09 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/introductory-remarks-by-klaas-knot-at-the-press-conference-on-the-fsr/ At the Flairs conference Klaas Knot spoke for an audience of young bankers about the experiences with bank failures since the global financial crisis, the importance of a well functioning and credible resolution regime, and the lessons we can draw from recent cases. Fri, 29 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/banks-going-bankrupt/ The surplus on the current account of the Dutch balance of payments rose by €7.3 billion in the second quarter of 2023 (year-on-year) to €23.2 billion. Fri, 22 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/higher-export-surplus-boosts-current-account-balance/ Energy price hikes from 2022 still affect other prices, such as those of food. Why are some products still getting more expensive, even though energy prices have fallen again? And how long will this go on? Thu, 21 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/for-how-long-do-higher-energy-prices-affect-product-prices/ Dutch companies have once again raised more capital by issuing green bonds, new figures from DNB reveal. In relative terms, the Netherlands is the leader in the euro area when it comes to issuing green debt securities. Thu, 31 Aug 2023 07:56:40 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/the-netherlands-european-leader-in-green-bonds/ The current account surplus of the Dutch balance of payments was higher in 2021 and 2022 than previously recorded. This is mainly due to higher adjusted profits of listed multinationals and larger exports than previously projected. Fri, 23 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/netherlands-current-account-surplus-revised-upwards/ The Dutch economy will grow by 0.8% this year, which is sharply lower than last year's 4.5% growth. While inflation is set to decrease, in part due to the economy cooling down, it remains too high at 4.2%. Mon, 19 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/economic-growth-slows-inflation-remains-persistent/ Partly due to sharply higher energy prices in 2021 and 2022, the Netherlands had to pay more to foreign countries to import the same amount of goods and services. Tue, 13 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/netherlands-suffered-income-loss-in-2022-from-higher-energy-prices/ In Europe, we have implemented the Basel standards more consistently across banks of all sizes. But let's not forget that the Basel III standards have not yet been fully implemented in European regulation. Thu, 08 Jun 2023 20:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/keeping-our-windshiels-intact-lessons-from-the-recent-market-turmoil/ In his keynote speech at the 5th Capital Markets Seminar, jointly organized by the European Stability Mechanism, the European Investment Bank and the European Commission, Klaas Knot discussed the current state of economic and financial affairs. Tue, 06 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/bold-but-realistic-monetary-policy-and-financial-stability/ Persistently high inflation and rising interest rates are making the risks to financial stability both tangible and visible, as can be seen from the recent failure of a number of regional banks in the United States. Wed, 31 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/rapid-rise-in-interest-rates-exposes-financial-vulnerabilities/ While interest rates on mortgages have risen sharply following the ECB's recent rate hikes, the increase of interest rates on savings accounts has been limited so far. Banks do not pass on an ECB rate hike equally to their customers as they wish to maintain their interest margin. Wed, 10 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/ecb-interest-rate-hikes-have-a-higher-pass-through-to-mortgage-than-to-savings-rates/ Dutch households' trust in financial institutions has remained stable over the past year, despite the recent problems faced by banks in the United States and Switzerland. During that period, households did think slightly more often about the possibility of Dutch banks failing. Tue, 02 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/public-trust-in-financial-institutions-remains-stable-despite-turmoil-in-financial-markets/ If Dutch households are vulnerable, they are often vulnerable in several areas at once. For instance, households with high housing expenses relative to income are also more likely than average to have a poor position in the labour market and limited financial buffers, according to a new study by DNB Wed, 19 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/many-dutch-are-doing-well-but-for-some-vulnerabilities-are-accumulating/ “Despite the shocks of recent years, the Dutch economy and the Dutch financial sector are in good shape.” Klaas Knot said this today at the presentation of DNB’s 2022 Annual Report. He reflected on the events of 2022 and looked ahead to the economic challenges facing us down the road. Thu, 23 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/introduction-dnb-annual-report-2022-press-conference/ 2022 was a turbulent year, with major events worldwide that affected nearly all of us to a greater of lesser extent. This year too, we see the impact of these events clearly reflected in our economy. We outline the most important below, but first we take a brief look back at 2022. Thu, 23 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/challenges-for-our-economy-in-2023/ For years, inflation in the euro area hovered around 1.5%, below the European Central Bank's (ECB) target of around 2%, despite historically low interest rates. But then it suddenly shot up in summer 2021, peaking at 10.6% in October 2022. How could inflation go up so fast? Thu, 02 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/how-inflation-reached-all-time-highs-in-two-years/ In 2022, Dutch households again invested more in emerging markets such as South Africa, Brazil and China. Despite net purchases, the value of these investments decreased to €2,241 million at the end of 2022 due to price losses, down from a record €2,631 million at the end of 2021. Mon, 20 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-households-invest-more-in-emerging-markets/ Interview with Klaas Knot by Martin Arnold of the Financial Times. Published on December 26, 2022. Mon, 26 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-in-the-financial-times/ The Dutch current account balance of €13.9 billion (6% of GDP based on three-year averages) in the third quarter of 2022 was €0.3 billion lower than a year earlier, according to figures from DNB. Fri, 23 Dec 2022 09:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/current-account-balance-in-line-with-last-year/ The Dutch economy has been cooling since the middle of 2022 and will stabilise at 0.8% gross domestic product (GDP) growth in 2023. This cooling is caused by high inflation and slowing world trade growth. Mon, 19 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/dutch-economy-cools-due-to-high-inflation-and-lower-global-trade/ Dutch insurers sold €23 billion worth of assets on balance so far this year, DNB figures show. They used about three quarters of the proceeds to meet the margin requirements under derivatives contracts. I Thu, 08 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-insurers-are-selling-many-assets-this-year/ Companies in the chip industry account for almost a quarter of the market capitalisation of all listed companies having their registered office in the Netherlands, a DNB analysis shows. Thu, 01 Dec 2022 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/chip-manufacturers-largest-among-dutch-listed-companies/ Dutch households suffered large losses on investment funds in the first three quarters of 2022, DNB figures show. Falling stock market prices and rising interest rates reduced the size of investments in funds by €18.3 billion (-15.9%) to €97.3 billion in the first nine months of this year. Wed, 30 Nov 2022 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-households-suffer-large-losses-on-investment-fund-positions/ Thu, 10 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-into-the-unknown-decision-making-in-uncertain-times/ It is of the utmost importance that rules are swiftly agreed upon internationally to regulate the use of crypto-assets such as Bitcoin, Ethereum and Tether. Mon, 07 Nov 2022 15:01:54 GMT https://www.dnb.nl/en/general-news/press-release-2022/proper-regulation-indispensable-for-risky-cryptos/ Faced with soaring inflation that is eroding purchasing power, workers will try to compensate by negotiating higher wages. As the resulting pressure on profit margins grows, employers will in turn try to pass on higher wages in the prices they charge their customers. Wed, 02 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/avoiding-a-wage-price-spiral-requires-effort-from-governments-central-banks-and-social-partners/ Dutch companies are increasingly raising capital by issuing green bonds, new figures from DNB reveal. Thu, 27 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/non-financial-companies-lead-in-green-bonds/ A recent DNB analysis finds that the main driver behind the pre-pandemic sluggish corporate credit growth has been subdued demand. It also suggests that corporate bank lending in the Netherlands decreases more after a crisis and takes longer to recover compared to the rest of the euro area. Thu, 27 Oct 2022 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/slow-growth-in-corporate-lending-before-the-pandemic-mainly-due-to-low-demand/ Good morning everyone and a warm welcome to this press conference on the Financial Stability Report. I would like to start with a brief outline of the key messages from the FSR and I will then be happy to answer your questions. Mon, 10 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/introductory-remarks-by-klaas-knot-at-the-press-conference-on-the-fsr/ Financial stability risks have increased over the past six months. High inflation, rising interest rates, the war in Ukraine and the possibility of a global recession have combined to create an unprecedented situation. Mon, 10 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/inflation-and-growth-outlook-put-financial-sector-to-the-test/ During the DNB - OMFIF conference at Artis Klaas Knot called out for action to prevent biodiversity loss: “Our demand for nature’s goods and services far exceeds our planet’s ability to produce them on a sustainable basis. Now it’s time to restore the balance and save our planet and our economy. Thu, 29 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-to-quagga-or-not-to-quagga-time-to-restore-the-balance/ “There is no GPS to navigate climate-related risks. The navigation tools are still being developed. But fortunately, progress is being achieved rapidly – and it is up to us to catch the wind in our sails. The FSB Roadmap is an important tool to help us do that.” Thu, 29 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-navigating-climate-related-financial-risks/ “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. Tue, 27 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-working-on-progress-on-public-and-private-risk-sharing-in-the-emu/ “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 Fri, 23 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-spreading-our-wings-how-monetary-and-fiscal-policy-can-fight-inflation/ The Dutch current account balance has been revised downwards for the period 2015-2021 following recent research by Statistics Netherlands. Fri, 23 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/current-account-surplus-revised-sharply-downwards/ Dutch households again lost a significant amount of wealth in the stock market in the second quarter of 2022. Thu, 22 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/households-again-suffer-big-losses-on-equities/ “Sustainable finance is not only about managing financial risks, about stability. Sustainability is also about change. About making better choices for a better world.” That was the message of Klaas Knot in his lecture at One Planet, where he spoke to an audience of mainly students. Wed, 14 Sep 2022 17:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-towards-a-sustainable-economy/ Since 2011, the Royal Netherlands Academy of Arts and Sciences and De Nederlandsche Bank (DNB) together facilitate the Annual Inspire2Live Congress. In this year’s edition, executive board member of DNB Olaf Sleijpen held a speech. Wed, 14 Sep 2022 16:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-olaf-sleijpen-embracing-a-healthy-economy/ In the fourth quarter of 2021, the surplus on the Dutch current account amounted to €15.2 billion, bringing the full-2021 surplus to €81.4 billion. Tue, 13 Sep 2022 13:36:47 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-current-account-surplus-back-at-2019-level/ "The current environment implies that the path and endpoint of the policy rate will be uncertain. That also implies that we will continue to take our decisions on a meeting-by-meeting basis, and that we will persevere until the inflation outlook has stabilized,” said Klaas Knot... Tue, 30 Aug 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-a-time-to-act-the-outlook-for-monetary-policy-in-the-euro-area/ The current high inflation in the Netherlands occurs in a different economic environment than in the 1970s. Back then, the labour market, the financial position of businesses and monetary policy were a breeding ground for stagflation. Thu, 28 Jul 2022 08:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/inflation-is-high-but-context-differs-from-the-1970s/ In the second quarter of 2022, Dutch pension funds saw their average funding ratio improve relative to the first quarter, as the value of their liabilities showed a steeper decline than their assets. Pension assets went down by €190 billion to €1,517 billion. Tue, 26 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/dutch-pension-funds-average-funding-ratio-improved/ On Thursday, 21 July the European Central Bank (ECB), in addition to a 0.5% interest rate increase, announced the transmission protection instrument (TPI). Mon, 25 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/ecb-announces-new-instrument-in-fight-against-rising-inflation/ At a macro level, the sharp increase in energy prices has a limited impact on the profitability of Dutch companies. Even in an extreme scenario, the negative consequences remain manageable. Mon, 18 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/higher-energy-costs-have-limited-impact-on-corporate-profits/ The Dutch current account balance of €20.2 billion in the first quarter of 2022 was €2.3 billion lower than a year earlier, according to figures from DNB. This was due to lower revenues from abroad, including Russia. Tue, 05 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/russian-invasion-contributes-to-fall-in-dutch-current-account-balance/ Income from foreign direct investment (FDI) in the Netherlands flowing to low-tax countries has fallen sharply over the past two years. This is probably due to newly introduced national and international legislation, according to a DNB analysis. Tue, 28 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/income-flowing-to-tax-havens-through-the-netherlands-significantly-down/ The Dutch economy has shown a rapid and strong recovery following the coronavirus (COVID-19) recession. The Russian aggression against Ukraine is driving energy prices higher amid greater uncertainty, and global trade is under pressure. Mon, 13 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/war-in-ukraine-hits-newly-recovered-dutch-economy/ The Biodiversity Working Group of the Sustainable Finance Platform, together with the Erasmus Platform for Sustainable Value Creation, today published its study “Financing regenerative agriculture”. Tue, 07 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/regenerative-finance-solutions-to-restore-and-conserve-biodiversity/ After a strong recovery from the COVID-19 pandemic in 2021, the war in Ukraine and high inflation have worsened the economic outlook and increased financial stability risks. In addition to the enormous humanitarian consequences in Ukraine itself, the economic and financial impact of the war... Wed, 25 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/financial-stability-risks-increased-due-to-war-and-high-inflation/ In the past two years, Dutch institutional investors increasingly preferred riskier high-yield (HY) bonds over their safer investment-grade (IG) counterparts. Most of these investments in HY debt securities are made abroad, for example in US firms and Brazilian and South African governments. Fri, 06 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-institutional-investors-increasingly-turn-to-high-risk-bonds/ During the coronavirus (COVID-19) crisis, the Dutch government supported trade and industry with a comprehensive package of measures. Wed, 30 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/coronavirus-support-has-been-effective-but-different-approach-needed-for-the-future/ In these times of increasing digitalisation, the new Payments Strategy of De Nederlandsche Bank (DNB) focuses on safeguarding trust. Tue, 29 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/trust-at-the-heart-of-the-dnb-payments-strategy/ Interview with Klaas Knot, conducted by Guillaume Benoît and Sophie Rolland of les Echos, published on March 21, 2022. See the English and French version below. Mon, 21 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-with-les-echos/ The European Union has imposed a range of sanctions on Russia. What are financial sanctions, what are the consequences of these sanctions for the Netherlands and how does the war affect our economy? Read our answers to the main questions. Fri, 25 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/nine-questions-on-the-sanctions-and-the-economic-consequences-of-the-war/ The FD sentiment indicator, based on articles in Dutch financial daily Het Financieele Dagblad (FD), has partially recovered following a sharp drop at the start of the coronavirus crisis. Thu, 30 Dec 2021 09:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/fd-sentiment-indicator-annual-overview-2021-in-the-rear-view-mirror/ The Dutch economy has shown a rapid and strong recovery from the coronavirus recession of 2020. GDP is expected to grow by 4.5% this year. We have prepared the forecasts for the years ahead at a time of great uncertainty. Mon, 20 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/strong-economic-recovery-despite-resurgence-of-pandemic/ EIOPA, the European supervisory authority for pension funds and insurers, has just published the results of a stress test conducted earlier this year among 44 European insurers. Thu, 16 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/eiopa-publishes-results-of-stress-test-for-european-insurers/ Klaas Knot, President of De Nederlandsche Bank (DNB), today has taken office as Financial Stability Board (FSB) Chair. He has been serving as FSB Vice Chair before taking office. Thu, 02 Dec 2021 10:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/klaas-knot-takes-office-as-fsb-chair/ After being subdued for a number of years, euro area inflation has recently increased markedly. This raises two main questions. What are the drivers of this development? Mon, 22 Nov 2021 22:30:00 GMT https://www.dnb.nl/en/general-news/news-2021/the-surge-in-euro-area-inflation-during-the-pandemic-transitory-but-with-upside-risks/ The higher prices that businesses have faced in recent months are increasingly translated into higher consumer prices. This mainly concerns price increases for products that previously exerted downward pressure on inflation in the Netherlands. Fri, 05 Nov 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/supply-bottlenecks-visible-in-inflation/ From an economic perspective, pricing is the most efficient means of reducing carbon emissions. As climate change is a worldwide problem, carbon pricing works best with a global price for carbon emissions. However, complete global pricing seems infeasible. Wed, 03 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/towards-a-global-price-for-carbon-emissions/ Banks have not generally lowered their credit assessments of Dutch businesses compared to before the coronavirus crisis. In most of the hardest-hit sectors, non-performing loans have however increased markedly following the outbreak of the pandemic. Thu, 28 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/dutch-businesses-creditworthiness-so-far-so-good/ The economic recovery continues at a robust pace, the search for yield continues and house prices keep going up. Against this backdrop, it is important not to lose sight of growing vulnerabilities and risks to financial stability. Mon, 11 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/robust-economic-recovery-but-vulnerabilities-on-the-rise/ On 11 October 2021 Klaas Knot presented our six-monthly Financial Stabilty Report. You can read his introductory remarks here. Mon, 11 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/introduction-to-the-press-conference/ The draft advisory report on social and economic policy for 2021-2025 of the Economic and Social Council of the Netherlands (SER) provides valuable guidance for the incoming government, in particular for curbing the excessive flexibility in the labour market. Mon, 04 Oct 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/ser-advisory-report-represents-important-step-in-future-proofing-dutch-labour-market/ The ECB will incorporate climate change considerations in its new monetary policy strategy. Tue, 21 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/ecb-includes-climate-change-in-monetary-policy-strategy/ The European Central Bank (ECB) has decided to revise and broaden its analyses for monetary decisions. Within the new analytical framework, economic and monetary analyses will be more closely integrated, and more attention will be devoted to long-term developments and financial stability. Tue, 14 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/ecb-to-revise-analytical-framework-for-monetary-decision-making/ The costs of home ownership are to be included in the inflation measure of the European Central Bank (ECB). Tue, 07 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/home-ownership-costs-to-be-incorporated-in-the-inflation-measure/ Under the new strategy adopted this summer, the European Central Bank (ECB) wants to put an end to the confusion surrounding its inflation target. The ECB has raised its inflation target to 2% from the previous ‘below, but close to, 2%’. Wed, 01 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/ecb-sets-clear-and-simple-inflation-target/ Full quotes of the interview with Klaas Knot, conducted by Carolynn Look and Marton Eder on August 30 2021. Mon, 30 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-with-bloomberg/ Due to the coronavirus measures, households have been saving more, but they only expect to use a mere 14% of these savings for consumption. Thu, 26 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/households-expect-not-to-spend-the-vast-majority-of-savings-accumulated-during-the-pandemic-period-on-consumption/ During the coronavirus (COVID-19) crisis, interest rates in the European money market were very divergent for some time. However, this was not the result of fragmentation in the market, and concerns about an impairment of monetary transmission were unjustified. Thu, 15 Jul 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/composition-of-collateral-explains-divergent-rates-in-european-money-market/ Following a historical contraction in gross domestic product (GDP) in 2020, the Dutch economy should recover strongly and rapidly, starting in the second quarter of 2021. This is projected to result in a GDP growth rate of 3.0% in 2021. Robust recovery is projected to continue into 2022, posting... Mon, 14 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/dutch-economy-expected-to-bounce-back-swiftly-after-covid-19-crisis/ Wed, 02 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/introductory-statement-by-klaas-knot-during-the-public-session-in-the-dutch-house-of-representatives-with-dnb-the-dutch-authority-for-the-financial-markets-afm-and-the-netherlands-bureau-for-economic-policy-analysis-on-macro-economic-risks/ More than a year after the outbreak of the coronavirus crisis, vaccination campaigns are picking up speed, and the virus appears to be coming under control. The end of the economic crisis therefore seems near. The outlook for the Dutch economy is favourable. Wed, 26 May 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/prospects-favourable-but-vulnerabilities-are-increasing/ Over the past year, public trust in financial institutions has not weakened during the coronavirus (COVID-19) crisis. By contrast, trust in other key players in the Dutch economy and society has not emerged unscathed from the crisis. Mon, 03 May 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/trust-in-the-dutch-financial-sector-has-held-up-during-the-covid-19-crisis/ The surplus on the current account of the Dutch balance of payments in 2020 came to EUR 62 billion, or 7.8% of gross domestic product (GDP). Thu, 22 Apr 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/dutch-current-account-surplus-fell-sharply-in-2020/ Commercial real estate prices may slide in the coming period, not only as a result of the coronavirus crisis and the lockdown restrictions, but also due to structural trends such as online shopping and remote working, both of which have accelerated since the outbreak of the pandemic. Mon, 19 Apr 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/the-impact-of-the-pandemic-on-the-commercial-real-estate-market/ Consumers in the Netherlands used debit cards, smartphones or wearables to pay for 79% of their purchases in shops, restaurants and similar establishments in 2020, which is a sharp rise compared to 2019. Tue, 13 Apr 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/pandemic-boosted-debit-card-use-in-2020-for-the-first-time-consumers-made-more-debit-card-payments-than-cash-payments-in-all-sectors/ Interview with Klaas Knot, President of De Nederlandsche Bank, conducted by Balazs Koranyi and Francesco Canepa of Reuters on April 6. A shortened version was published on April 7.  Wed, 07 Apr 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-with-reuters/ We have taken the atypical step of releasing interim projections, between our regular December and June projections. In his economics blog, Olaf Sleijpen explains: “Our economy shows not only adaptability but also resilience.” Tue, 06 Apr 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/blogs/blog-olaf-sleijpen-hope-springs-eternal/ An indicator that looks at positive and negative words in newspaper articles can be used to considerably improve the accuracy of short-term economic growth estimates. The almost ever-present prediction error in short-term forecasts can be reduced by 10% to 15% with the help of a sentiment indicator. Fri, 26 Mar 2021 22:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/measuring-the-state-of-the-economy-using-words-from-newspapers/ In a typical month, no more than 13% of prices for goods in the Netherlands are adjusted, according to research by De Nederlandsche Bank (DNB). Thu, 18 Feb 2021 08:05:00 GMT https://www.dnb.nl/en/general-news/news-2021/prices-in-the-netherlands-do-not-change-very-frequently/ Global trade in goods, which was hit hard at the beginning of the COVID-19 pandemic, has now recovered. The recovery is much faster than during the 2008-2009 financial crisis. Global trade in goods has proved resilient and is currently contributing to the global recovery from the COVID-19 crisis. Wed, 10 Feb 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/world-trade-recovers-faster-than-expected/ The Netherlands benefits from a strong European Union (EU). Wed, 13 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/changing-international-relations-call-for-a-stronger-eu/ The coronavirus crisis led to an increase in household savings in the second quarter of 2020. Remarkably, mortgage prepayments – which are also a form of savings – did not increase during the same period. They only increased in relatively young households. This may be due to their higher mortgage... Tue, 29 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/no-increase-in-households-mortgage-prepayments-despite-higher-savings/ The Netherlands contributes to the resources of the International Monetary Fund (IMF) with two new loan arrangements. Totalling EUR 16.8 billion, these loans supplement the IMF's lending capacity, maintaining its financial effectiveness. Wed, 16 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/the-netherlands-contributes-to-the-imf-s-lending-capacity-in-times-of-crisis/ In the first two quarters of 2020, the COVID-19 pandemic dealt the Dutch economy a severe blow. However, much of the loss in gross domestic product (GDP) was recovered in the third quarter. The second wave of infections will send GDP back into negative territory. Mon, 14 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-netherlands-in-deep-economic-crisis-but-less-severe-than-previously-feared/ Today, DNB published a Q&A describing policy on how, for example, a bank or other financial entity is consolidated in the group balance sheet of insurance-led financial conglomerates... Sat, 07 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-publishes-qa-on-consolidation-in-insurance-led-financial-conglomerates/ The COVID-19 pandemic has a significant negative impact on the Dutch economy due to both constraints on production (supply side) and a reduction in spending (demand side)... Thu, 05 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/supply-and-demand-shocks-due-to-the-coronavirus-pandemic-contribute-equally-to-contraction-in-production/ At the OMFIF-DNB Conference ‘Developing European Capital Markets’ governor Knot said the Capital Markets Union has clearly moved on from being a ‘nice to have’ to a ‘need to have’. Tue, 03 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-klaas-knot-on-the-right-track-why-is-the-capital-markets-union-important-and-how-do-we-get-there/ Since 2015, the interest rates on interest-only mortgage loans have been higher than those on annuity-based mortgage loans. This price differentiation in mortgage loans provided by banks emerged when non-banks entered the market and banks began to earn less on their mortgage loans... Thu, 29 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/competition-intensifies-and-price-differentiation-increases-in-the-dutch-residential-mortgage-loan-market/ As a result of the COVID-19 pandemic, the tightness in the labour market has eased rapidly. Despite this, Statistics Netherlands reported an average negotiated wage increase of 3.0% in September. Although newly concluded collective agreements already reflect the changed situation on the labour... Thu, 22 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/slowdown-in-wage-growth-on-the-way/ The surplus on the current account of the Dutch balance of payments fell by 7% (year-on-year) to EUR 12.6 billion at the end of the second quarter of 2020, the lowest it has been in four years. This corresponds to 6.6% of Dutch gross domestic product (GDP), see Figure 1. ... Wed, 23 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/coronavirus-squeezes-trade-surplus/ Acting in line with the European Central Bank (ECB), De Nederlandsche Bank (DNB) today confirmed that there are exceptional circumstances due to the coronavirus (COVID-19) pandemic. In doing so, DNB announced with respect to the smaller banks under its direct supervision what the ECB today... Thu, 17 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-replicates-temporary-ecb-relief-measure-on-banks-leverage-ratio-after-confirming-exceptional-circumstances-in-view-of-covid-19/ The inflation measurement problems due to the fact that no prices for certain categories of goods and services could not be observed as a result of the coronavirus pandemic, are now over. On average, items for which prices could not be measured but had to be estimated show a much higher inflation... Thu, 17 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/inflation-measurement-problems-due-to-unobservable-prices-are-over/ Tue, 01 Sep 2020 02:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-klaas-knot-emerging-from-the-crisis-stronger-together-how-we-can-make-europe-more-resilient-prosperous-and-sustainable/ Dutch consumers are concerned about their jobs, their income and the value of their assets. They expect to feel the economic consequences of the coronavirus outbreak for a long time to come. If they were to receive EUR 1,000 in financial support, they would use it primarily to create financial... Mon, 18 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dutch-consumers-expect-to-be-hit-long-term-by-economic-crisis-due-to-coronavirus-outbreak/ In his contribution to the virtual Petersberg Climate Dialogue side event ‘Financing Climate Ambition in the context of COVIDー19’, Frank Elderson pointed out three ideas that he thinks are important in order to shape our thinking in terms of recovery measures that should be taken. Wed, 29 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/contribution-by-frank-elderson-to-the-petersberg-climate-dialogue/ In his opening remarks at a virtual session organised by Danske Bank, Klaas Knot said that the outbreak of the coronavirus first of all represents a global health crisis. Tue, 21 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/contribution-by-klaas-knot-to-virtual-session-danske-bank-about-economic-impact-of-covid-19/ The surplus on the current account of the Dutch balance of payments showed a slight decline in 2019, landing at EUR 83 billion. This corresponds to 10% of Dutch gross domestic product (GDP), see Figure 1. 2018 saw a record surplus on the current account of EUR 84 billion, or 11% of GDP. Thu, 09 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-current-account-surplus-edged-down-in-2019/ We announced on 17 March 2020 that Dutch banks would temporarily be subject to lower requirements to mitigate the impact of the coronavirus pandemic on the Dutch economy. This DNBulletin provides more details... Mon, 23 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dnb-temporarily-lowers-bank-buffer-requirements-to-support-lending/ A DNB study shows that the Dutch economy tends to feature higher peaks and deeper troughs than the economies of similar European countries. Dutch households have relatively little free savings which they can mobilise in bad times. As a result, Dutch consumption – and thus the economy as a whole... Thu, 05 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/volatility-in-dutch-economy-harms-well-being/ Real estate prices are increasingly moving in sync, appreciating rapidly again in many countries (see Figure 1). The role of international investors is growing in both the residential and commercial property markets. The Property price dynamics: domestic and international... Tue, 18 Feb 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/global-synchronisation-of-real-estate-prices-but-significant-differences-in-cross-country-price-dynamics-remain/ The loans, savings and payments market is changing and becoming increasingly more challenging with the advent of new parties and the dawn of the data age. In this highly dynamic environment, institutions must give first priority to the security, governance, optimum use and quality of... Wed, 22 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/data-age-calls-for-increased-attention-from-the-banking-sector-and-dnb/ In the next few years, insurers in the Netherlands will need to make extra efforts to respond to the sweeping changes to their markets. Tue, 13 Dec 2016 11:00:00 GMT https://www.dnb.nl/en/general-news/news-2016/dutch-insurance-sector-faces-fundamental-choices/ The economic recovery continues, but political and economic uncertainties that affect the global economy have increased in recent months, due in part to the imminent Brexit. In addition, concerns about the profitability of the European banking sector have deepened further. Bank profits are... Tue, 04 Oct 2016 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/banks-interest-rate-margins-under-pressure-as-a-result-of-low-interest-rates/