Archive of topic posts
In the following list you find chronologically listed articles.
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Financial Stability Review: German financial system has proven to be stable
In the first half of the year, the coronavirus pandemic led to the most severe economic crisis in decades. The German financial system has, however, proven to be stable during the pandemic, and so far fulfilled its key functions, said Claudia Buch, Vice-President of the Deutsche Bundesbank, at the presentation of the 2020 Financial Stability Review. Ms Buch added that, in the further course of the pandemic, corporate insolvencies are likely to increase, and this requires sufficient preparation.
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Third survey on the expectations of enterprises in Germany
09.10.2020 DE
The Bundesbank is launching its third survey asking enterprises about their assessments and expectations during the coronavirus crisis. In addition to the economic situation, the survey also covers the development of inflation and assessments of climate policy issues.
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Jens Weidmann: “The monetary policy stance is appropriate at this time”
08.10.2020 DE
Bundesbank President Jens Weidmann sees no reason to move away from the last monetary policy assessment at the moment and cautions against pre-empting decisions that are not yet on the agenda. “
The monetary policy stance is appropriate at this time,
” he told interviewers from the German “Börsen-Zeitung” newspaper. -
Wuermeling: Too early to give banks the all-clear in the COVID-19 crisis
01.10.2020 DE
According to Bundesbank Executive Board member Joachim Wuermeling, it is still too early to breathe a sigh of relief concerning the banking sector. “Economic activity is recovering, but the economic crisis only has a delayed effect on banks,” he said at an event in Berlin. Up to now, bank balance sheets had tended to be affected only in isolated cases by the coronavirus crisis. However, insolvencies can trigger credit defaults at short notice.
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German banks’ profitability in 2019 adversely impacted by one-off effect
German banks’ profitability deteriorated further in 2019. However, this is due primarily to strategic restructuring at one big bank, the Bundesbank’s economists note in the latest issue of the Monthly Report, with the resulting negative one-off effect overshadowing the growth in profit for the financial year observed for all other categories of banks.
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German economy picking up gradually
The sharp decline in gross domestic product in spring is likely to be followed by a strong countermovement in the third quarter of 2020, the Bundesbank writes in its latest Monthly Report. Even so, the third quarter will still be significantly down on the pre-crisis level.
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Weidmann identifies risks and rewards in central bank digital currency
Bundesbank President Jens Weidmann feels that the introduction of central bank digital currency (CBDC) needs careful consideration. The various risks suggest that a prudent design and cautious approach would be essential, he said at the Bundesbank’s virtual autumn conference. CBDC is not necessarily needed to provide the general public with quick, secure and cheap payment methods.
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Ever more payments being made by card
11.09.2020 DE
In 2019, the trend towards cashless payments picked up. Even prior to the coronavirus pandemic, payments with debit cards (often issued in the form of "girocards" in Germany) gained ground in particular. Their usage increased by 20% on the year, with the cards being used ever more frequently for smaller transactions.
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Weidmann: Scale back the debt ratio after the crisis
03.09.2020
Bundesbank President Jens Weidmann says the government acted swiftly and comprehensively in the coronavirus crisis. But finding a way out of crisis mode will be equally important. The crisis is forcing economic and fiscal policymakers to perform a tricky balancing act – supporting the economy in the short term, but not obstructing the necessary change or losing sight of the longer-term challenges.
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Special rules for the issuance of collectors’ coins with a polymer ring
19.08.2020 DE
From 10 September, the €5 collectors’ coin “Subpolar zone” and the €10 collectors’ coin “Ashore” are available at the branches of the Bundesbank.