Interest rate radar Austria: savers will lose around 7.9 billion euros in 2021 | AssCompact
Tagesgeldvergleich.net evaluates the current data from the European Central Bank (ECB) for 19 countries in the euro zone every month – from Belgium to Germany and Austria to Cyprus.
These are the most important facts for Austria and the euro zone at a glance:
- The real interest loss (interest on savings minus inflation) of Austrian savers was around EUR 929.17 million in December 2021. The interest loss for the whole of 2021 is EUR 7.88 billion.
- Over the period of the last 10 years, the loss of purchasing power in Austria has totaled around 39.17 billion euros (2011-2021)
- In the 19 countries of the euro zone, the monthly loss of interest rose to 35.25 billion euros (as of 12/2021)
- At the end of 2021, the loss of interest in the euro zone was EUR 253.93 billion, ie savers in Europe lost around EUR 615 per capita due to the persistently low interest rates and rising inflation.
- Notwithstanding the low interest rates, the volume of savings deposits at banks in the euro zone has recently increased by 4.66% per year.
- With a loss of around 882 euros per capita, savers in Austria are above average
You can find more information on the Tagesgeldvergleich.net website
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