Savings account and loan

How to benefit from falling interest rates

After the drastic increases since mid-2022, interest rates for savers and borrowers are now falling again - recently, the European Central Bank also lowered its key interest rate for the first time after the major wave of inflation. Gottfried Haber, Deputy Governor of the Oesterreichische Nationalbank, explains what this means and how to make the best of the situation.

While loans have become more expensive over the past 1.5 years and saving at the bank has become more attractive, the situation is now turning around again. Domestic financial institutions have already heralded a turnaround in interest rates, with the arrow pointing downwards. For borrowers and savers who want to make the most of their finances, it is therefore sometimes time to reallocate.