According to the National Bank, half of all new loans have variable interest rates – Economy

2023-11-23 13:15:33

Inflation continues to be high, people continue to lose purchasing power, and economic conditions continue to be difficult. “All of this led to a decline in economic performance in Austria in the middle of the year,” said the deputy governor of the Oesterreichische Nationalbank (OeNB), Gottfried Haber, on Thursday at the presentation of the annual Financial Stability Report. The country is heading towards a mild recession.

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