State officials are celebrating the biggest funding drive from households in the small country’s history. Lenders saw clients massively withdraw money from deposits that barely generate any profits at a time of high inflation

Belgium has raised a record €21.9 billion ($23.65 billion) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent grows with lenders failing to keep up with surging interest rates. The sale marks the biggest funding drive from households in Belgium’s history and is likely Europe’s biggest retail bond sale, the country’s debt agency says.

  • Tar_alcaran@lemmy.worldEnglish
    0·
    1 year ago

    I wish the Netherlands would hold a sale like this, only for persons, with a sensible limit of a million or something like that.

    There are literally no downsides.

    • 0x815@feddit.deOPEnglish
      0·
      1 year ago

      You can simply buy Dutch government bonds through your bank if you want to do so.