Germany’s current account recorded a surplus of €15.4 billion in October 2021, down €4.6 billion on the previous month’s level.

Jens Weidmann paid tribute to the achievements of Hans-Werner Sinn, the long-serving President of the ifo Institute. Mr Weidmann told the audience at a symposium held to mark Professor Sinn's retirement from office as President of the ifo Institute that he had played a major part in shaping the economic and political debate of the past few decades.

At the end of 2017, German households’ financial assets amounted to €5,857 billion, up by €78 billion, or 1.4%, on the third quarter of the year.

In the current issue of its Monthly Report, the Bundesbank uses scenario calculations to analyse the potential macroeconomic impact of a further escalation of the war against Ukraine. According to the experts, German real GDP this year could be down by as much as 2% compared with 2021. The inflation rate in Germany in 2022 could be 1½ percentage points higher than expected in the European Central Bank’s March projection.

In the latest Monthly Report, the Bundesbank’s payment specialists look at distributed ledger technology (DLT).