OeNB Austrian National Bank

Austria Budget to Receive EUR 437 Mln Payment from State Mint

Austria will collect a EUR 437 million (USD 488.85 million) payment from mint company Münze Osterreich, a unit of the Austrian central bank, the parliamentary budget committee decided Tuesday.

February 9, 2016

OeNB: No to Abolishing of EUR 500 Bill

Austria’s central bank Oesterreichische Nationalbank (OeNB) is against the abolishment of the 500-euro-bill, it follows from a statement of OeNB director Kurt Pribil, broadcast by ORF.

February 8, 2016

OeNB: Bank Lending Stable in Q4 2015

Austrian banks saw both corporate and private lending stabilize in Q4 2015, shows a quarterly survey conducted by central bank OeNB.

January 21, 2016

Austrian Economy Seen Growing 0.7 Pct in 2015

The Austrian economy will likely grow by 0.7 percent y/y in 2015, central bank OeNB said maintaining its June forecast.

December 9, 2015

Nowotny: Austria's Economy to Accelerate in 2016

The Austrian economic growth rate will likely accelerate in 2016 versus 2015 pace, central bank OeNB governor Ewald Nowotny said at the sitting of the financial committee of the National Council.

December 1, 2015

OeNB: Thanks to Refugee Accommodation Costs, GDP Forecasted to Grow

According to the Austrian central bank OeNB there are two factors which support economic revival towards the end of the year: spending on refugees and the tax reform. In Q4 2015 and in Q1 2016 the economy will grow by 0.1 percentage points thanks to refugee accommodation costs. The tax reform will contribute another 0.1 percentage point to the growth in Q1 2016.

November 12, 2015

Volksbanken Merger: Schelling Calls Emergency Meeting

Finance Minister Hans Jörg Schelling announced a crisis meeting for Monday, 10:30, with regard to the merger in the Volksbank banking sector, daily Oberösterreichischen Nachrichten (OÖN) reports in its Friday issue. The heads of three rebellious banks, the units for Almtal (Upper Austria), Gmünd (Carinthia) and Osttirol-Westkärnten have been summoned to Vienna.

May 15, 2015

ECB Unleashes Quantitative Easing - How does it work?

Today, the ECB finally commenced on a large scale sovereign bond-buying programme. The €60bn monthly asset purchases include covered bonds and asset backed securities. Due to the flood of cheap money, the DAX was boosted. The index increased by up to one per cent to a record high of 10,399.67 points. Quantitative easing is a monetary policy where a central bank creates new money electronically to buy financial assets. The aim is to stimulate an economy when standard monetary policy has become ineffective. How does it work?

January 22, 2015

Forecast for CESEE Countries (Webinar)

Central, Eastern and Southeastern Europe (CESEE) have been strongly affected by the economic crisis. However now there are signs of an improving economic climate and growth rates will again be above the EU average. The current situation in the Ukraine and potential difficulties between the EU and Russia constitute a downside risk.

June 24, 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