Annual Report 2025 (OeNB)

Summary

• The euro area proved resilient with modest but steady economic growth of 1.5% in 2025, while Austria's growth was weaker at 0.6%.p.5
• Euro area inflation averaged 2.1% in 2025, while inflation in Austria was too high at 3.6%.p.5
• The ECB lowered its key interest rates in eight steps between 2024 and 2025.p.5
• As of June 2025, the deposit facility rate was 2.00%, the main refinancing rate 2.15% and the marginal lending rate 2.40%.p.5
• The OeNB recorded an operating loss of one billion euro for 2025.p.5
• Austria has 449 credit institutions (2024: 465).p.6
• Profit of Austrian banks was 8.2 billion euro (2024: 10.7).p.6

Key insights

1. The loss resulted from negative net interest income from the single monetary policy.p.5
2. Euro area economic growth is expected to remain largely constant at over 1% in the coming years.p.5
3. Austrian inflation should approach the euro area level of just over 2% in 2026.p.5
4. The digital euro aims to make Europe less dependent on non-European payment systems.p.4
5. The OeNB employs 1,141.1 full-time equivalents (2024: 1,149.3).p.6