After all, the interest on home loans is linked to the OLO (linear government bonds) and so borrowing for a house has already become considerably more expensive in recent months.
Analysts point to the high inflation rates as an explanation for the rising interest rates. They force central banks to stop their bond purchases and raise interest rates. The US central bank started this earlier this year, and the European central bank is expected to raise interest rates in July for the first time in years. The effect is already visible on the financial markets: long-term interest rates are rising worldwide.
The ten-year interest rate for our country is now above 1.8 percent. That is the highest level in about eight years, although it remains relatively low from a historical perspective. In recent months, things have been going very fast: in March the 1 percent mark was crossed for the first time, a month later the mark of 1.4 percent. At the end of 2020, Belgian long-term interest rates were even negative for some time, reaching an all-time low of -0.440 percent in November of that year.