According to the Bundesbank’s Monthly Report, the rise in financing costs and high inflation had a strong impact on the German housing market. Prices for residential real estate continued to rise up until the middle of 2022, but in the second half of the year fell quite significantly for the first time in a long time. By contrast, price pressures came from the massive increase in construction prices and the slow pace of the expansion of housing supply. Residential real estate in Germany continued to be overvalued on an annual average overall.

Am 2. Februar 2023 hat der EZB-Rat die Einzelheiten zu den Modalitäten für den Abbau der Wertpapierbestände des Eurosystems im Zusammenhang mit dem Programm zum Ankauf von Vermögenswerten (Asset Purchase Programme – APP) durch teilweise Wiederanlage der Tilgungsbeträge von Wertpapieren bei Fälligkeit beschlossen. Eine Pressemitteilung hierzu ist auf der Website der EZB abrufbar. 

Laut dem geprüften Jahresabschluss der Europäischen Zentralbank (EZB) für 2022 betrug der Jahresüberschuss der EZB null (2021: 192 Mio €). Daher erfolgt keine Gewinnausschüttung an die nationalen Zentralbanken (NZBen) des Euroraums.

The current issue of the Bundesbank’s Monthly Report reports that German economic output was lower in the fourth quarter of 2022 than in the previous quarter. According to the Federal Statistical Office’s flash estimate, real gross domestic product (GDP) decreased by 0.2% on the quarter after seasonal adjustment. The Bundesbank’s experts are expecting yet another fall in economic output in the first quarter of 2023. The inflation rate is expected to continue to decline in the coming months, but underlying price pressure will remain high.

In our branches it is possible for private customers to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline. Please find further information, such as branch addresses, opening hours and travel directions, on the following sites.

The Bundesbank offers a wide range of educational programmes for schools on the topics of money and currency. This offer is constantly being expanded and updated.

In his speech at the German Institute for Economic Research (DIW Berlin), Bundesbank President Joachim Nagel highlighted the importance of the European single market. He said that it was truly a source of prosperity and could help to more effectively overcome future challenges. He called for greater efforts to deepen the integration of the single market, particularly in the areas of services, digitalisation, and the capital market. Furthermore, he stressed that credible fiscal rules were essential for monetary union.

Revision of reports for banks’ (MFIs’) monthly balance sheet statistics.

With an application for an advertised position, you go directly into the central bank work at the Deutsche Bundesbank.

What is the outlook for the economy over the next few years? This is a question that households regularly ask themselves when they are in the process of making big decisions.

Das Direktorium der Europäischen Zentralbank (EZB) hat Frau Myriam Moufakkir zur Chief Services Officer (CSO) ernannt. Das Chief Services Office ist für die Bereiche Informationstechnologie, Personal und Corporate Services zuständig

Im vierten Quartal 2022 erhöhte sich der Bestand an von finanziellen Mantelkapitalgesellschaften/Verbriefungszweckgesellschaften (FMKGs) im Euroraum begebenen Schuldverschreibungen auf 1.740 Mrd. € nach 1.701 Mrd. € im Vorquartal.

Im vierten Quartal 2022 belief sich der Bestand an von Investmentfonds (ohne Geldmarktfonds) begebenen Anteilen auf 14.527 Mrd. € und war damit um 28 Mrd. € höher als im dritten Quartal 2022.

Im Dezember 2022 wies die Leistungsbilanz einen Überschuss von 16 Mrd. € auf (nach einem Plus von 13 Mrd. € im Vormonat).

German banks applied tighter credit standards for loans at the beginning of 2023, as is shown by the results of the Bank Lending Survey (BLS) conducted by the Bundesbank. Institutions cited not only the higher cost of funds but also, in particular, the persistently high credit risk in all segments due to the deterioration in the economic situation as well as major uncertainty caused by the Ukraine war and by the high inflation as the main reasons for this.