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Interest Rates Reach New Record Low

Published: December 4, 2012; 17:26 · (Vindobona)

Today, the Austrian National Bank (OeNB) has presented the development of interest rates in the third quarter. OeNB does not fear a credit crunch.

Interest Rates Reach New Record Low / Picture: © Vindobona.org

According to OeNB, the interest level has reached a record low. Austrian savers suffer from negative real interest rates for years. This development will continue, experts say. OeNB underlines that Austrian households have never seen such low interest rates before.

At the end of September, the annual loan growth was up by 0.8%. In the Eurozone, the loan growth remained stable…

This article includes a total of 214 words.

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