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Austria's National Bank Chief: Budget Coffers are Filling Up Again
Robert Holzmann, Governor of the Oesterreichische Nationalbank, sees the high inflation of recent years as a major challenge for Austrian savers. Now that salaries have risen and household budgets are being replenished, he nevertheless urges caution. For a sustainable economic upturn, he says, consumer and investor confidence is essential.
Robert Holzmann, Governor of the Oesterreichische Nationalbank and member of the ECB Governing Council, sees the high inflation of the past as a real loss for savers, which has been somewhat compensated for by high salary settlements. / Picture: © Oesterreichische Nationalbank AG (OeNB)
In an interview with the “Kleine Zeitung” newspaper, Holzmann explained his views on the current economic situation, productivity, and international trade developments. In recent years, inflation in Austria has led to a noticeable loss…
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