World Economy/Austria

🇦🇹

Austria

AUT

Europe • Sovereign Currency: EUR

Analyze Austria with Schema AI

Nominal GDP

$0.54T

2024

Annual GDP Growth

-0.3%

YoY Q3 2024

Inflation (CPI)

1.8%

Oct 2024 YoY

Policy Rate

3.25%

ECB Deposit Rate

10Y Sovereign Yield

2.88%

10Y Austrian RAGB

Unemployment Rate

5.1%

Sep 2024

Debt-to-GDP

77.8%

2024

Trade Balance

+$0.8B

Aug 2024

BLOOMBERG ECONOMICS MONETARY POLICY TRANSMISSION

🇦🇹EUROPEAN CENTRAL BANK POLICY DASHBOARD

Target Instrument: Deposit Facility Rate • Sovereign: Austria (AUT)

STANCE: neutral

Next Meeting: 2026-10-29

LOOSER CONDITIONSIN LINE WITH TARGETTIGHTER CONDITIONS

STATUTORY BENCHMARK

3.25%Unchanged (0 bps)

Deposit Facility Rate

REAL CARRY SPREAD (r - π)

+1.45%

Neutral Equilibrium

OVERNIGHT BENCHMARK (€STR)

3.20%-5 bps

Euro Short-Term Rate

YIELD CURVE SLOPE (10Y - r)

-0.37%

Inverted Term Structure

WAGES & PRICES2 METRICS

Headline CPI Inflation (YoY)Oct 2024 YoY

Anchored within standard statutory price stability corridor

Statistik AustriaRef

1.80%

LOOSER

Distance to Inflation Target (2.0%)Oct 2024 YoY

Inflation below 2% target anchor by 0.20 percentage points

Statistik AustriaRef

-0.20%

LOOSER

SUPPLY & DEMAND2 METRICS

Annual Real GDP Growth RateQ3 2024

Contractionary output territory

WIFO / OeNBRef

-0.30%

TIGHTER

Unemployment Rate (Labor Slack)Sep 2024

Balanced labor market matching full employment capacity

Statistik AustriaRef

5.10%

MILD LOOSE

FINANCIAL CONDITIONS4 METRICS

Deposit Facility RateECB Deposit Rate

Official statutory policy target rate set by European Central Bank

European Central BankRef

3.25%

LOOSER

Real Carry Rate (Policy - CPI)Calculated

Positive real return regime delivering restrictive monetary drag

European Central Bank vs Statistik Austria

+1.45%

LOOSER

10-Year Sovereign Benchmark Yield10Y Austrian RAGB

Long-term sovereign borrowing benchmark discounting term premium & inflation risk

OeBFARef

2.88%

LOOSER

Yield Curve Slope (10Y - Policy Rate)Calculated

Inverted yield curve by 0.37% signaling restrictive monetary drag

Sovereign Debt Desk vs Central Bank Target

-0.37%

TIGHTER

EXTERNAL & FISCAL2 METRICS

Current Account / Trade BalanceAug 2024

Trade balance surplus reinforcing sovereign foreign exchange buffer

Statistik AustriaRef

+$0.8B

MILD LOOSE

General Government Debt / GDP2024

Moderate sovereign debt overhang requiring disciplined budget management

OeNB / EurostatRef

77.80%

IN LINE

HISTORICAL RATE DECISION TRAJECTORY (DEPOSIT FACILITY RATE)

Verified Chronological Decisions

2026-10-09

3.25%

Policy Assessment Summary: Key ECB interest rate on the deposit facility.