Reports
Calendar of Monetary and Economic Highlights
Economic Outlook for Austria from 2003 to 2005 (Fall 2003)
Money and Credit in the First Three Quarters of 2003 Balance of Payments in the First Half of 2003
Austrian Outward and Inward Direct Investment –
Results of the 2001 Survey and Development of Selected Indicators
Austria’s Portfolio Investment Position in the First Half of 2003
Financial Investment and Financing of Households and Nonfinancial Corporations in Austria
in the First Half of 2003 – Analysis of Financial Accounts Data
Austria’s International Investment Position in 2002
Study
New Harmonized Interest Rate Statistics for the Euro Area – Framework, Implementation in Austria and First Results
Since January 2003 the national central banks of the euro area have collected data for a new harmonized interest rate statistics based on a regulation of the European Central Bank. These statistics show the retail interest rates applied by banks to deposits and loans vis-á-vis households and nonfinancial corporations. Thus, the European Central Bank and the national central banks of the euro area can rely on a methodologically consistent basis for performing various analyses. The new indicators of the interest rate statistics will play an important role in the examination of the monetary policy transmission mechanism and will facilitate the interpretation of monetary developments within the framework of monetary analysis, providing further analytical points of departure for studies on financial stability and integration. The new interest rate statistics yielded interesting initial results for Austria. In particular, it was found that the retail interest rates applied by Austrian banks to deposits and loans in the course of 2003 had developed in parallel to the key interest rates of the European Central Bank.