"As for RBI, the bank complies with all international sanctions," Brunner told NZZ. "It is also not subject to sanctions itself," he added.
"Incidentally, there are other European banks that continue to operate legally in Russia. It is crucial for us that all sanctions are observed," he said. The minister also said Austrian inflation, which fell to an estimated 9.2% in March, was still too high and called on the European Central Bank to do more to contain price increases.
"The European Central Bank in particular can do something about this, as a member of the euro zone we are dependent on the ECB," Brunner said.
Hope that's the case there has to be a refuge, somewhere in the world from the malfeasance of the banks.
Austrian economics school wins again
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Austrian banks unaffected by banking turmoil - finance minister tells NZZAustria's government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country's financial sector, Finance Minister Magnus Brunner said in an interview published on Saturday. Read : they are affected. Give them few months
Source: Reuters - 🏆 2. / 97 Read more »
US Nonfarm Payrolls: Banks Preview, labor market still going strongThe US Bureau of Labor Statistics (BLS) will release the March jobs report on Friday, April 7 at 12:30 GMT and as we get closer to the release time, h
Source: FXStreetNews - 🏆 14. / 72 Read more »
Banks could begin canceling lines of business credit soonSmall businesses could soon see lines of credit canceled from banks as the global banking crises, inflationary pressures and rising interest rates slow commercial lending. How about consumer credit lines. Those balances are exploding. Something like 14 millions Americans are carrying cc balances of at least 10,000 dollars right now at an average rate of 21% plus. Goodbye Fox Business... I'm supporting small businesses I already have 695 OnlyFans subscriptions I feel like the IMF sometimes...
Source: FoxBusiness - 🏆 458. / 53 Read more »