German economic output is likely to have gone up slightly again in the second quarter of 2023, according to the Monthly Report. Private consumption has stabilised after previously having fallen. According to the experts, the fact that the labour market remained in good shape, wages rose sharply and price inflation did not continue to accelerate contributed to this development. Meanwhile, the decline in foreign demand was a drag on industry and the rise in funding costs dampened domestic investment. The Bundesbank is expecting the economy to recover haltingly later in the year.

The July 2023 issue of the Monthly Report highlights the financial industry’s options regarding digital money. Another article analyses cross-border liquidity flows and links them to the role of the banking system in Germany’s balance of payments. A third text discusses economic developments in emerging market economies. 

The June 2023 Monthly Report projects how the German economy is likely to develop up until 2025. Another article in the report analyses how bank interest rates in Germany change as monetary policy is tightened. A further contribution discusses the growing significance of central government’s off-budget entities.

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The May 2023 edition of the Monthly Report comments on the economic situation in Germany in spring 2023.

Publication to accompany the special exhibition at the Money Museum of the Deutsche Bundesbank from 20.09.2022 to 29.10.2023.

The April 2023 Monthly Report describes the relationship between money market conditions and the remuneration of government deposits. It also presents the results of the new household wealth survey. In addition, it discusses the impact of the current crises on international payments and how sustainability risks are factored into banking supervision.