The vice-chancellor wants the banks to “obligate”, the health minister is suing them – and the SPÖ demands that they be asked to pay taxes. Will any of these measures really lead financial institutions to pass on rising interest rates not only to borrowers but also to savers? The “Krone” asked economic researchers.
In the ORF “Summer Talks” GroenLinks boss Werner Kogler already indicated that he does not want to release the banks from their obligations with their interest rate policy. However, one should not take a “populist” approach to interest rate differentials – ie high borrowing rates and low savings rates. A few hours later, Social Affairs Minister Johannes Rauch revealed how the Greens want to increase moral pressure on the banks.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
