Germany’s current account recorded a surplus of €19.6 billion in September 2021, up €4.2 billion on the previous month’s level.

For Bundesbank Executive Board member Joachim Wuermeling, Brexit marks a turning point that will weaken London's role as Europe's financial centre. Speaking at an event in Frankfurt am Main, he explained that the EU could consequently go on to develop its own global, digitally networked financial centre – a digital city of Europe.

Using the filetransfer function, reporting parties can transmit payment and stock reports in data record formats (data upload via browser or automated access) to the Bundesbank in a secure electronic format. The filetransfer function is based on the ExtraNet infrastructure.

Germany’s current account recorded a surplus of €23.9 billion in December 2021, up €5.4 billion on the previous month’s level. The surplus in the goods account declined, but the surplus in invisible current transactions, which comprise services as well as primary and secondary income, increased considerably more strongly.