The Deutsche Bundesbank calculates the basic rate of interest pursuant to section 247 (1) of the German Civil Code (Bürgerliches Gesetzbuch) and publishes its effective level in the Federal Gazette (Bundesanzeiger) pursuant to section 247 (2) of the German Civil Code.

The German economy is currently in a difficult environment. Nevertheless, in its new projection for 2012 and 2013, the Deutsche Bundesbank expects the upturn to continue.

The Direct investment according to the balance of payments statistics, which were published today, provide an insight into direct investment flows between Germany and the rest of the world from 2008 to 2011 as they feature in the balance of payments, broken down by country and economic sector.

The Deutsche Bundesbank relaunched its website today.The revised website aims to better meet the needs of its users. The new layout and modern appearance enable the website to better fulfil its role as the central source of information about the Bundesbank.