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An employee of GSA Austria (Money Service Austria) stacks wads of 500 euro banknotes at the company's headquarters in Vienna July 22, 2013. The GSA delivers new and collects old currency for the Austrian National Bank. REUTERS/Leonhard Foeger (AUSTRIA - Tags: POLITICS BUSINESS) - RTX11V1S
Austria's harmonized inflation is expected to fall to just below 3% in 2025, the Austrian National Bank (ONB) said on Tuesday.
Inflation, according to the harmonised index of consumer prices (HICP), is expected to be 7.4% this year, 4.1% next year and 2.9% in 2025, the bank said in a statement.
"Thus the inflation differential to the euro area will only reach the long-term average again in 2025," it said. (Writing by Miranda Murray, Editing by Rachel More)
