02/07/2021 - Alert to the usurpation of the BCL's identity
Misuse by a fictitious entity called National Bank of Luxembourg, of the name and logo of the BCL on a fraudulent website (www.cnb.lu) and in emails sent to various recipients.
The Banque centrale du Luxembourg wants to recall that it has taken the necessary measures to ensure business continuity in the areas of monetary policy operations, collateral management, payment systems, liquidity supervision, and the distribution of banknotes and coins.
The steps taken by the BCL also aim at safeguarding the well-being of its staff. The Bank has postponed the hosting of events, limited physical access to its premises, strengthened internal sanitary measures and asked critical operational staff to access the Bank’s systems remotely. The Executive Board and several staff teams have been split, notably through the use of remote access.
For any further question, please refer to your usual contacts at the BCL.
For your information, operational measures taken by the ECB can be found here.
Further information for counterparties can be found here.
21/01/2022 - Gaston Reinesch, Governor
14/ Residential real estate prices in Luxembourg
The very rapid rise in residential real estate (RRE) prices in Luxembourg has warranted concern already for a very long time. In nominal terms, RRE prices in Luxembourg have increased on average by 7.5% since 2000 and by 9.7% over the last five years. The corresponding growth rates for the euro area as a whole were lower, at 3.4% and 4.9%, respectively. The continued increases in property prices and mortgage lending in Luxembourg have led to a rising level of household indebtedness. As a result, the ratio of household debt to disposable income more than doubled since 2000 and increased by 10 percentage points over the last five years. (...)
The Banque centrale du Luxembourg (BCL) is the monetary authority of Luxembourg and a member of the Eurosystem and the European System of Central Banks.
| Marginal lending facility | 0.25% |
| Main refinancing operations | 0.00% |
| Deposit facility | -0.50% |
The BCL is in charge of the secretariat of the Systemic Risk Committee.
02/07/2021 - Alert to the usurpation of the BCL's identity
Misuse by a fictitious entity called National Bank of Luxembourg, of the name and logo of the BCL on a fraudulent website (www.cnb.lu) and in emails sent to various recipients.
21/01/2022 - Gaston Reinesch, Governor
14/ Residential real estate prices in Luxembourg
The very rapid rise in residential real estate (RRE) prices in Luxembourg has warranted concern already for a very long time. In nominal terms, RRE prices in Luxembourg have increased on average by 7.5% since 2000 and by 9.7% over the last five years. The corresponding growth rates for the euro area as a whole were lower, at 3.4% and 4.9%, respectively. The continued increases in property prices and mortgage lending in Luxembourg have led to a rising level of household indebtedness. As a result, the ratio of household debt to disposable income more than doubled since 2000 and increased by 10 percentage points over the last five years. (...)
02/07/2021 - Alert to the usurpation of the BCL's identity
Misuse by a fictitious entity called National Bank of Luxembourg, of the name and logo of the BCL on a fraudulent website (www.cnb.lu) and in emails sent to various recipients.
21/01/2022 - Gaston Reinesch, Governor
14/ Residential real estate prices in Luxembourg
The very rapid rise in residential real estate (RRE) prices in Luxembourg has warranted concern already for a very long time. In nominal terms, RRE prices in Luxembourg have increased on average by 7.5% since 2000 and by 9.7% over the last five years. The corresponding growth rates for the euro area as a whole were lower, at 3.4% and 4.9%, respectively. The continued increases in property prices and mortgage lending in Luxembourg have led to a rising level of household indebtedness. As a result, the ratio of household debt to disposable income more than doubled since 2000 and increased by 10 percentage points over the last five years. (...)
