Mon, 08 Nov 2021 10:17:28 GMT Tue, 24 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/ 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/ ‘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/ ‘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/ In this article, we explain how much of this shared EU debt is attributable to the Netherlands, and why we will now include it in our assessment of Dutch public finances. Mon, 10 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/what-is-the-dutch-share-of-eu-debt/ 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/ 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/ 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/ After almost two decades of contraction, outstanding Dutch securitisations sold to investors increased substantially in 2024, new figures from DNB show. Net growth was €3.1 billion (12%) to €29.2 billion, still considerably less than 20 years ago. Tue, 08 Apr 2025 08:00:27 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/significant-growth-in-securitisations-in-2024-after-years-of-contraction/ 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/ Dutch pension funds invest structurally less in European companies than in US companies, DNB figures reveal. At the end of 2024, invested assets in European (EU) non-financial corporations amounted to €97 billion, compared to €293 billion in US counterparts. Tue, 11 Mar 2025 09:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-pension-funds-invest-more-in-us-companies-than-in-european-companies/ ‘What we need now is for governments, central banks and academia to continue to speak out for the international financial rules-based order that has brought us stability and prosperity over the decades.’, said Klaas Knot at Nyenrode Business University today. Fri, 14 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/the-case-for-international-monetary-diplomacy/ 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/ New European fiscal rules entered into force in April. Although more realistic, they are far-reaching, especially for high-debt countries. Whether they prompt Member States to reduce over-indebtedness will depend on compliance and enforcement. Fri, 20 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/under-new-european-budget-rules-it-is-important-to-remain-well-below-the-3-deficit-limit/ ‘Monetary policy credibility does not come overnight. It has to be earned. Again and again.’ , said Klaas Knot in his speech at Koç University, Istanbul. He spoke about the need for independent central banks to face the challenges of our times. Thu, 19 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/the-mission-of-gerard-vissering-why-we-need-independent-central-banks/ After the ECB's balance sheet grew substantially for years as a result of its government bond purchases and lending operations, it has been shrinking again for the past year and a half. This has consequences for the implementation of monetary policy. Fri, 15 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/ecb-adjusts-operational-framework-as-balance-sheet-normalises/ In his remarks at the BIS High Level Roundtable on Financial Inclusion today, Klaas Knot stressed that we must continue our efforts to make financial inclusion a reality for all. Tue, 12 Mar 2024 08:05:00 GMT https://www.dnb.nl/en/general-news/speech-2024/open-finance-regimes-experiences-in-some-countries/ De Nederlandsche Bank (DNB) invests around €9 billion of its own reserves and aims for a solid financial return as well as a positive impact. To positively contribute to the transition to a carbon-neutral economy, DNB is bringing [...] Wed, 06 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/dnb-is-aligning-its-own-reserves-with-the-paris-climate-agreement/ Dutch households are putting more and more money in bank accounts abroad, according to the latest quarterly figures from DNB and the ECB. Countries where savings rates have recently risen are particularly popular among Dutch savers. Wed, 06 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-households-save-more-abroad/ In October the ECB did not raise its rates for the first time since the summer of 2022. This does not mean that the effects of tighter monetary policy have already worn off, however. Mon, 20 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/effect-of-monetary-policy-takes-time-to-materialise-and-varies-by-country/ Dutch pension funds are increasingly investing their assets in foreign investment funds. Whereas their holdings in Dutch investment fund units have been declining for some time, an increasing share of their assets is being allocated to foreign, especially European, investment funds. Thu, 21 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-pension-fund-assets-increasingly-allocated-to-foreign-investment-funds/ The recent drop in energy prices pushed Dutch inflation down to the European average of 5.3% in July. However, core inflation (HICP excluding energy and food) remains higher in the Netherlands than in the euro area. One possible explanation is the more pronounced overheating of the Dutch economy. Tue, 08 Aug 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/falling-energy-prices-mask-high-dutch-core-inflation/ 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/ Global agreements on strengthening banks’ capital positions, as contained in the Basel III Accord, should be implemented in Europe as rapidly and consistently as possible. Fri, 17 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/timely-and-consistent-implementation-of-basel-iii-important-for-european-banks/ DNB, together with the ECB and other central banks, is publishing new sustainability figures for the financial sector this week. Why, in fact? And what exactly are we measuring? See the Q&As below. Tue, 24 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/five-questions-on-our-new-sustainability-figures/ The equity portfolios of Dutch pension funds and insurers have become significantly “greener” over the 2017-2020 period. This is mainly because investee companies have emitted less carbon over that period, according to an analysis by De Nederlandsche Bank (DNB). Tue, 24 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/smaller-carbon-footprint-from-large-investors-equity-portfolios/ 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/ You can temporarily exchange Croatian banknotes for euros at DNB. The reason is the introduction of the euro in Croatia. The exchange rate: 7.53450 kuna = 1 euro. Thu, 22 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/exchanging-croatian-banknotes-at-dnb/ The European Central Bank is tightening monetary policy in response to high inflation. This will have a negative impact on the profitability of De Nederlandsche Bank (DNB) and therefore on its capital position, as DNB has disclosed in a letter to Finance Minister Sigrid Kaag. Tue, 20 Sep 2022 15:56:08 GMT https://www.dnb.nl/en/general-news/news-2022/dnb-foresees-deterioration-of-capital-position/ "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/ 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/ 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/ 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/ European fiscal rules could become more effective if they were aimed more at public spending and less at the size of the public deficit and debt. Wed, 09 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/the-expenditure-rule-can-contribute-to-credible-debt-reduction-and-countercyclical-fiscal-policies/ The European Union has imposed a range of financial sanctions against Russia in the last few days. Below is an overview of the various sanctions. Wed, 02 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/the-sanctions-against-russia-at-a-glance/ The European Union has imposed and announced various sanctions against Russia in the last few weeks. Follow the latest news on the sanctions and their impact on the financial sector, payments and the economy. We will update this page on a regular basis. Tue, 01 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/latest-news-on-sanctions-against-russia/ The European Union has announced that it will disconnect Russian banks from SWIFT. What is SWIFT, who does it belong to, and what are the consequences if a country is excluded? Tue, 01 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/five-questions-about-swift-update-of-4-march/ The European Union imposed sanctions against the Central Bank of Russia on 28 February. As a result, the Russian central bank can no longer access its assets at private institutions and central banks in the European Union. Mon, 28 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/what-do-the-sanctions-against-the-central-bank-of-russia-mean/ 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/ Dutch investments in EU bonds are among the top three largest within the European Union (EU). The capital raised with these bonds is used to finance the European Commission's (EC) extensive COVID-19 recovery plans. Thu, 17 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-financial-institutions-invest-heavily-in-new-eu-bonds/ 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/ Today, the European supervisory authority for insurers and pension funds (EIOPA) published a detailing the results of a stress test carried out among insurers in the European Union. Thu, 16 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/european-stress-test-scenario-has-limited-impact-on-dutch-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/ The return on Dutch investment funds averaged 7.3% per year over the period from 2015 to July 2021. Fri, 01 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/return-on-dutch-investment-funds-is-the-highest-in-the-euro-area/ 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/ 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/ 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/ 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/ The coronavirus crisis has shown that a high dependence on crucial goods from abroad can create vulnerabilities. This has led to a renewed debate – including within Europe – on the imposition of restrictions on free trade... Thu, 23 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2020/dutch-trade-alongside-value-chains-focuses-mainly-on-europe/ Dutch investors purchased securities from European countries heavily impacted by the COVID-19 pandemic in March 2020. they purchased debt securities and listed equities issued in France, Italy and Spain worth EUR 3.3 billion and EUR 0.5 billion, respectively, on a net basis. ... Thu, 07 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-investors-continue-to-invest-in-european-countries-heavily-impacted-by-covid-19-despite-loss-in-value/ Central bank digital currency, or CBDC, is an amount in euro which Dutch households and firms hold with De Nederlandsche Bank (DNB) or the European Central Bank (ECB). CBDC can serve as a backup for non-cash payments as well as promote diversity in the payments market, and it could possibly make... Tue, 21 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2020/digital-currency-issued-by-central-banks-can-protect-public-interests-in-payment-systems/ The budding economic crises in a number of emerging countries, like Turkey and Argentina, illustrate that a sudden tightening of financial conditions constitutes one of the major risks to financial stability. Financial conditions in the developed countries have remained accommodative to... Mon, 08 Oct 2018 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/sudden-tightening-of-financial-conditions-poses-a-risk-for-financial-stability/ 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/