Total outstandings in the domestic market amount to around $ billion compared with total corporate debt outstanding of a much larger $ billion. Notwithstanding this, regular activity is occurring in the market across much, although not all, of the credit spectrum. And over recent times, issuance appears to have picked up a little, particularly by lower-rated companies.
Our core task as a central bank is – as I mentioned earlier - to contribute to financial stability and sustainable welfare for all Dutch citizens. Although there obviously is a relationship between economy and health, we must admit we cannot quantify or clearly specify this. But we did learn some things from the pandemic.