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German balance of payments in October 2025
Germany’s current account recorded a surplus of €14.8 billion in October 2025, down €1.0 billion on the previous month’s level.
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German balance of payments in October 2024
Germany’s current account recorded a surplus of €12.5 billion in October 2024, down €8.8 billion on the previous month’s level. This was caused by the smaller surplus in the goods account and especially by the shift to a deficit in invisible current transactions, which comprise services as well as primary and secondary income.
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European monetary policy challenges in the new geopolitical environment Dinner speech at the Euro50 Group meeting
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Navigating climate policy shocks: Optimal monetary policy responses Marco Carli, Francesca Diluiso, Mathias Hoffmann
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Joint European responses to the challenges we face Speech at the European Banking Congress
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Import tariff transmission in a production network Makram Khalil, Pierre M. Rouillard, Felix Strobel
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Second Forum Bundesbank in Madrid: Focus on geopolitics, inflation and economic challenges CIC Newsletter – April 2025
03.04.2025 DE
At the Second Forum Bundesbank in Madrid, experts discussed Germany’s economic challenges, the impact of current US trade policy and the potential trajectory of the European economy. International dialogue was promoted by the presence of high-level participants.
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On looking through sectoral shocks: The role of (de-)anchored inflation expectations Rafael Gerke, Joost Röttger
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