Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Austria's governing centre-right People's Party (OVP) has announced that Interior Minister Karl Nehammer has been selected as the next party president. Becoming party president sets him up to take over from caretaker Chancellor Alexander Schallenberg, who could return to his previous post of foreign minister.
- The shuffling of positions comes in the wake of the political scandal that resulted in the ouster of Chancellor Sebastian Kurz in October. Kurz announced yesterday that he was stepping back from political life at the age of 35.
- Liam Hoare at Moment Magazine tweets the potential change of roles at the top of Austrian politics following Nehammer's elevation: "Gerhard Karner could follow Nehammer as interior minister. Magnus Brunner could replace Gernot Blümel as finance minister. Blümel resigned yesterday evening."
- Blümel is viewed as a close confidante of Kurz, and stated that death threats made against his family in the wake of the scandal that dragged down Kurz forced his stepping back from politics. His likely replacement Brunner has no formal training in finance or economics, having served as State Secretary for Climate Protection, Environment, Energy, Mobility, Innovation and Technology since January 2020.
- The governing coalition between the OVP and the environmentalist Greens remains on very shaky ground. The huge internal disruption within the OVP and a collapse in support for the centre-right (see chart below) could spur the leftist Greens into dissolving the coaltion and seeking an early election that could engender a more left-leaning coalition.
Source: OGM, Unique Research, Peter Hajek, IFDD, Research Affairs, Market, MNI