Interest Rate in Austria

Austria Interest Rate | Economic News & Forecasts

Austria - Interest Rate

The economy kept pace in Q1 thanks to resilient domestic demand benefiting from stronger fixed investment and private consumption growth. Household spending was supported by easing inflation and came despite upward-trending unemployment. Data on the second quarter, however, revealed a rocky start to the quarter: Consumer confidence, business sentiment and the manufacturing PMI all deteriorated in April. Meanwhile, the country is headed for early elections after Parliament passed a vote of no confidence in Chancellor Sebastian Kurz’s government on 27 May. This followed a leaked video which seemed to implicate Heinz-Christian Strache, then vice-chancellor and leader of the Freedom Party, the former junior coalition partner of Kurz’s conservative Austrian People’s Party. Despite the scandal, Kurz’s party were the clear winner in recent European elections, highlighting his popularity among the electorate.

Austria - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)0.25  0.05  0.05  0.0  0.0  

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Austria Interest Rate Chart

Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Austria Facts

Bond Yield0.040.40 %Jun 13
Exchange Rate1.130.65 %Jun 13
Stock Market2,949-1.00 %Jun 13

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