Sponsored Content
Austrian Banks React to ECB’s Interest Rate Decision
Sponsored Content
The Austria banks quickly passed on the interest rate hike to their customers. Christoph Leitl regards the decision as an impediment for budgetary consolidation.

The European Central Bank (ECB) raised the key lending rate by 25 basis points on Thursday. Erste Group swiftly passed on this hike to customers. The bank announced that savings products with variable interest rates will be raised by 0.25% p.a. as of 15 July. As this hike had been prognosticated by analysts, savings passbooks and savings card accounts with fixed terms were already…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Saving in Austria Decreases (April 6, 2011)
Erste Group: Strong Increase in Lending (February 24, 2011)
Saving in Austria Still Popular (February 21, 2011)
Austria Savers Remain Cautious (February 4, 2011)
Austria Savers Remain Conservative (January 12, 2011)
Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area (November 23, 2010)
Sponsored Content
Read More
Featured
Sponsored Content