In times of crisis, the right investment is more difficult and more important than ever. However, the end of the zero interest rate policy also poses challenges for small investors in Austria. Experts such as Erste boss Gerda Holzinger-Burgstaller and the governor of the National Bank Ewald Nowotny give their opinion.
In uncertain times, savers do not want to lose their money due to exchange rate fluctuations, but also do not want to leave it in their current account with real losses. With nearly double-digit inflation, Austrians lose several billion euros in real assets in their savings accounts each year. The subject of investing is therefore challenging. Erste Bank boss Gerda Holzinger-Burgstaller is optimistic that things will improve again next year. Inflation dynamics are slowing and interest rate hikes by central banks are narrowing again.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
