Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Today's low interest rates will not be enough to stabilise Belgian government debt over the next 10 years, a paper published in the National Bank of Belgium's Economic Review argues, with "considerable consolidation efforts" in the form of fiscal and structural reform required to bring it back onto a downwards path.
Large scale bond buying has made the links between monetary and fiscal policy more pronounced, but the cancellation of government debts on central bank balance sheets would be both "potentially risky and generally unnecessary [...]," the study's authors conclude.
"A clear commitment by governments to debt sustainability avoids the central bank being pressured to take debt concerns into account when setting monetary policy," the authors added.