Bundesbank President Jens Weidmann has defended the definition of price stability over the medium term as maintaining inflation rates of below, but close to, 2% in the euro area. He waded into the debate on setting a higher inflation target and warned of the impact that such a target could have on macroeconomic stability.

Despite the massive shock triggered by the coronavirus pandemic and what were, at times, very stringent containment measures, the number of corporate insolvencies dropped substantially in 2020, the Bundesbank writes in its Monthly Report. This was due in part to the temporary suspension of the obligation to file for insolvency, which is subject to certain conditions. German enterprises’ sales fell far less significantly than they had done during the financial and economic crisis of 2009, the Bank’s economists explain.

Das Geldvermögen der privaten Haushalte in Deutschland lag zum Ende des dritten Quartals 2018 bei 6 053 Mrd €, womit es gegenüber dem zweiten Quartal um 76 Mrd € oder 1,3 % anstieg.

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