Interest rate lowest in 30 years
According to Statistics Netherlands, the interest rate in the Netherlands is at its lowest since the beginning of the time series of De Nederlandsche Bank (DNB) mid 1986.
The interest rate averaged at 1.0 percent in October, about 0.1 percent less than in September.
The interest on national debt is currently at historically low levels in almost all European countries. The Netherlands is among the most creditworthy countries of Europe and thus belongs to the countries with the lowest interest rate.
The European Central Bank (ECB) adjusted the interest rates in September 2014. The key interest rate of the ECB - the repo rate - was decreased by 0.10 percentage point to 0.05 percent. The deposit rate, which is often regarded as the bottom of the money market, was also reduced by 0.10 percent.