Ewald Nowotny

OeNB Confirms GDP Growth Forecast of 0.7 Percent for 2015

The Austrian national bank (OeNB) has confirmed its GDP growth forecast of 0.7 percent for 2015. The growth is under the average of the Eurozone, which could require additional stimuli OeNB governor Ewald Nowotny said in Alpbach. The OeNB governor pointed out that the development in Eastern Europe is positive for Austria.


Nowotny: Austria's Financial Market Stability Not at Risk from Greece

Austria's financial market stability is not facing any risks from the ongoing Greek debt crisis, central bank OeNB governor Ewald Nowotny assured on Wednesday as the presentation of the latest financial market stability report.

July 8, 2015

Austrian Central Bank Plans to "Save" EUR 96 Mln by 2020

Austria's central bank OeNB plans to make savings of EUR 96 million (USD 106.3 million) by 2020, the bank's governor Ewald Nowotny said.

July 7, 2015

Nowotny: Situation in Greece Dramatic

Austria’s central bank head Ewald Nowotny commented, while participating in a conference in Vienna, that the situation in Greece was certainly dramatic, since banks and stock exchanges would be closed for a week, and that people could only hope that the referendum in Greece would yield a reasonable solution.

June 29, 2015

Nowotny Hopes for Decision on Greece Soon

Austria's central bank governor and the ECB governing council member Ewald Nowotny hopes that the eurozone decision makers reach a decision regarding Greece, he said on the sidelines of a lecture given by ex-ECB head Jean Claude Trichet on Monday in Vienna.

June 22, 2015

Nowotny: Financial Crisis Marked Beginning of Era of Small GDP Growth

The financial crisis that erupted in 2007 likely marked the beginning of an era of low economic growth rates, central bank OeNB governor Ewald Nowotny stated during the inauguration of the 43rd Economic Conference in Vienna on Monday. The latest economic forecast show no acceleration of growth, but rather a slow improvement of the situation.

June 15, 2015

OeNB Raises Austrian Growth Forecast for 2016

Oesterreichische Nationalbank (OeNB) published the growth forecast for 2015 and 2016. This year the growth rate is seen at 0.7 percent, whereas the prediction for next year has been increased to 1.9 percent, from earlier assessments of 1.6 percent. The central bank analysts expect a growth of 1.8 percent for 2017.

June 8, 2015

OeNB to Purchase Austrian Bonds Worth EUR 24 Billion

Since March this year the European Central Bank (ECB) has been buying public bonds and securities worth EUR 60 billion a month. The purchasing programme is supposed to be completed by September 2016. The Austrian central bank (OeNB) has begun working on its part and is buying over EUR 1.23 billion (USD 1.35 billion) in state bonds every month.

May 28, 2015

Raiffeisen Research Comments on ECB’s Asset Quality Review of Austrian Banks

With regard to the ECB’s asset quality review of Austrian banks, according to Bloomberg ECB Governor Nowotny has stated that Austrian institutes will largely pass the tests. When asked about Volksbank and that it might fail the tests, Nowotny stated that it is no secret that there will be one institution that might have gaps that need filling but there are precautions taken.

October 23, 2014

Hanna Kordik Awarded the Prize for Outstanding Economic Journalism

Hanna Kordik was awarded the prestigious Horst Knapp Prize in a ceremony. The eulogy was delivered by Ewald Nowotny, Governor of Oesterreichische Nationalbank, in his capacity as chairman of an independent jury. The speaker at the award ceremony was the industrialist Hannes Androsch.

June 10, 2014