Vincent Van Peteghem announces new government bond: “People should get more interest on their savings account”

Federal Minister of Finance Vincent Van Peteghem (CD&V) has announced the issuance of a government bond. VTM News reports this. It is not yet clear whether – like the previous, particularly successful edition – it will also have a term of one year and a high return.

The government bond that was issued in August with a term of one year with a return of 2.81 percent was particularly popular: savers saw the government bond as a way to safely increase their savings. The government then raised a record amount of 21.9 billion euros.

Whether these favorable conditions will also apply to the new government bond – which will be issued in December – has yet to be decided.

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When launching the first government bond in August, Minister Van Peteghem promised that a second would come if there was too little movement at the banks. “At that moment you saw some movement… but once that government bond disappears, the movement at the banks also falls apart. So there will be a new government bond in December. The term and yield on that government bond will first be discussed with the Debt Agency, communication will follow next week.”

Van Peteghem wants to put pressure on the banks again. “The objective should be to ensure that people receive more interest on their savings account.”

READ ALSO. Governor of the National Bank does not want a republication of the government bond: “Completely disagree, he always takes advantage of banks”