Oesterreichische National bank

In carrying out its tasks, the OeNB is fully independent and not bound by any instructions. This principle applies to the entire Eurosystem – the ECB and all national central banks of the euro area – and is enshrined in the Treaty on the Functioning of the European Union. The Governing Board is responsible for the overall running of the OeNB, the General Council for its supervision. The OeNB applies the guiding principles “stability and security” to all its activities.