Makrognosis

Belgium Cost of borrowing for non-financial corporations (new business)

MonthlyNot seasonally adjustedCode BE.BANKRATENFC.M.NSA

Latest4.0%September 2026
Previous3.8%August 2026
Year ago3.5%September 2025
Next release2 Dec 2026expected

Belgium Cost of borrowing for non-financial corporations (new business) was 4.0% in September 2026, up 0.2 percentage points from August 2026 and up 0.5 percentage points from a year earlier.

That is the highest reading since January 2025.

Over the past ten years it has ranged from 1.3% (Jul 2019) to 5.3% (Sep 2023), averaging 2.5%.

The next update is expected on 2 December 2026.

Belgium Cost of borrowing for non-financial corporations (new business) (% per annum), Jan 2003 – Sep 20261%2%3%4%5%6%20052010201520202025Robomacro
Belgium Cost of borrowing for non-financial corporations (new business) (% per annum), Jan 2003 – Sep 2026. Source: European Central Bank.

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
September 20264.0%
August 20263.8%
July 20263.8%
June 20263.7%
May 20263.5%
April 20263.5%
March 20263.5%
February 20263.5%
January 20263.4%
December 20253.5%
November 20253.4%
October 20253.4%
September 20253.5%
August 20253.4%
July 20253.4%
June 20253.4%
May 20253.5%
April 20253.6%
March 20253.8%
February 20253.9%
January 20254.1%
December 20244.1%
November 20244.4%
October 20244.5%

Last 24 observations. The full history (285 observations) is available through the API.

Get Belgium Cost of borrowing for non-financial corporations (new business) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/BE.BANKRATENFC.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/BE.BANKRATENFC.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 2003
Observations285
FrequencyMonthly
Units% per annum
AdjustmentNot seasonally adjusted
10-year high5.3% (Sep 2023)
10-year low1.3% (Jul 2019)
10-year average2.5%
Source agencyEuropean Central Bank
Makrognosis codeBE.BANKRATENFC.M.NSA

Other Belgium indicators

Belgium GDP (Gross Domestic Product)Belgium Gross domestic product, Current prices, million EURBelgium Inflation Rate (CPI)Belgium Core Inflation RateBelgium Unemployment RateBelgium 10-Year Government Bond YieldBelgium Credit Rating & Sovereign Risk ScoreBelgium Industrial ProductionBelgium Retail SalesBelgium Producer Price Inflation (PPI)Belgium Current account balance (BPM6, vs rest of world), not seasonally adjustedBelgium Current account balance, % of GDPBelgium Trade Balance: Goods & ServicesBelgium Exports of goods and services, Current prices, million EURBelgium Exports of goods and services, chain-linked volumeBelgium Exports of goods, total trade (World), seasonally adjusted

FAQ

What is the current cost of borrowing for non-financial corporations (new business) in Belgium?
The latest reading is 4.0% for September 2026, published by European Central Bank.
When is the next Belgium cost of borrowing for non-financial corporations (new business) release?
The next update is expected on 2 December 2026.
Where does this data come from?
It is collected directly from European Central Bank and is available through the Makrognosis API under the code BE.BANKRATENFC.M.NSA.

Last updated 2026-11-02. Source: European Central Bank. Original title: “Belgium - Cost of borrowing for non-financial corporations (new business)”.