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Services by Mode of Supply (MoS)
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ECB keeps rates unchanged
19.03.2026 DE
The Governing Council today decided to keep the three key ECB interest rates unchanged. It is determined to ensure that inflation stabilises at the 2 % target in the medium term. The war in the Middle East has made the outlook significantly more uncertain, creating upside risks for inflation and downside risks for economic growth.
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Professor Joachim Nagel President of the Deutsche Bundesbank, Member of the Governing Council of the European Central Bank
Since January 2022
President of the Deutsche Bundesbank
Member of the Governing Council of the ECB -
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The environment and the banking sector: A new set of challenges from climate change and loss of biodiversity Research Conference on Climate- and Nature-Related Risks in the Economic and Financial System, Deutsche Bundesbank, Banque de France
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Outlook for 2026 in the light of multifaceted challenges worldwide Speech held at the Ambassadors Club e.V. Lunch Jour Fixe
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German economy closes 2025 with significant gains
19.02.2026 DE
German economic output rose significantly in the fourth quarter of 2025, according to the Monthly Report. Growth towards the end of the year was primarily driven by private and government consumption. Households probably also benefited from strong wage growth. Industry grew its production and construction output rose significantly. According to the experts, there is no sign of any short-term trend reversal for the better in the labour market. The inflation rate stood at around 2 % at the turn of the year.
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Amendments to the reporting system
Overview of the most important content-related amendments to the external reporting system.
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International Monetary Fund (IMF)
The International Monetary Fund (IMF) was conceived at the Bretton Woods Conference in 1944, and currently has 190 member countries. Germany joined the Fund in 1952. The overarching aim of the IMF is to promote economic policy cooperation and stability in the international monetary system. Its mandate also covers financial stability issues that have monetary implications.
