Prof. Dr. Axel A. Weber, President of the Deutsche Bundesbank, Speech at the Foreign Policy Association

There are additional insights to be gained from going beyond established calculation variables and incorporating inflation options when analysing inflation expectations: so reads the Bundesbank’s recommendation in the June edition of its Monthly Report. Expectations regarding future inflation developments are of major importance to the credibility and effectiveness of a monetary policy with a clear focus on price stability.

The finance ministers and central bank governors of the G20 countries met in Washington to continue their discussions on core issues of the German G20 presidency. Besides global economic growth prospects, the main focus was on financial market regulation and the further development of global economic and financial governance.

Dates in the legal framework of German monetary policy 1948 - 2007

Germany’s net external position stood at €1,771 billion at the end of 2017, thus amounting to around 54% of nominal gross domestic product.

Germany’s net international investment position stood at €1,709 billion at the end of 2016, thus amounting to around 54% of nominal gross domestic product. Year-on-year, the German net external asset position thereby increased by €231 billion.

The outlook for Germany's economy remains upbeat. The Bundesbank's latest half-yearly projection singles out buoyant domestic demand as the main factor driving the robust upswing. Exports are also predicted to gain renewed traction from 2017 onwards.