ECB expresses concern over draft Belgian laws

National Bank of Belgium
The National Bank of Belgium
Photo: National Bank of Belgium

Three draft laws proposed by Belgium’s government could endanger financial stability and affect monetary policy transmission, the European Central Bank warned.

The ECB also cast doubt on the government’s argument that the country’s banks were making excessive profits that needed curbing. It said the proposals, which would set minimum deposit rates, could badly affect credit supply and harm banks’ risk management.

In May and June, the National Bank of Belgium asked for the ECB’s opinion on

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