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© Fotosearch.deEU solidarity welcome, but joint debt worrying
19.08.2020 DE
The Heads of State or Government of the EU countries have agreed to set up an off-budget entity to help address the fallout from the coronavirus pandemic. Writing in the latest edition of the Monthly Report, the Bundesbank’s economists note that while solidarity is understandable, it is worrying that the financial assistance will be funded by large-scale and long-term Community debt.
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© Picture Alliance / Image BrokerGerman economy on recovery path following historic slump
The coronavirus pandemic caused a historic decline in economic output in Germany, writes the Bundesbank in its most recent Monthly Report. Both the depth and speed of the crash were unprecedented. At present, however, the economy is on a recovery path and is expected to grow steeply in the third quarter.
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Enterprises showing far stronger demand for loans
11.08.2020 DE
The second quarter of 2020 saw 56.25% of the German banks taking part in the Bank Lending Survey (BLS) report brisker demand for loans to enterprises. Never since the BLS was launched in 2003 have so many respondents reported an increase in demand for loans of this type.
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© Nils ThiesCoronavirus crisis pushes TARGET2 balance above €1 trillion
The Bundesbank’s TARGET2 balance has been growing again significantly since March. It exceeded the €1 trillion mark in July. This renewed increase over the past few months can largely be put down to the expansion of the Eurosystem’s purchase programmes in response to the COVID-19 pandemic.
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© Nils ThiesSignificant rise in number of counterfeit banknotes
07.08.2020 DE
In the first half of 2020, the Bundesbank recorded approximately 34,000 counterfeit euro banknotes with a nominal value of €1.6 million. Although this means that the number of counterfeits rose significantly on the year, their volume remained low overall.
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© Gaby Gerster“Stable banks in challenging times” by Andreas Dombret
29.07.2020 DE
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What advanced economies need is not more finance, but better finance.
” That was Andreas Dombret’s bottom line during his term of eight years in the executive board of the German central bank, spanning between 2010 and 2018. It is just one quote from one of the 47 speeches in this volume.
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© IoaBal / stock.adobe.comGerman households store large amounts of cash
28.07.2020 DE
In 2018, individuals in Germany stored an average of €1,364 in cash at home or in a safe deposit box, a study from the Bundesbank’s latest Monthly Report reveals. Research shows that this is mainly the result of financial and practical reasons such as the low interest rate level or the usability of cash as a means of payment. The study did not provide any evidence of tax avoidance as a motive for storing cash.
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© Nataliya Hora/ Adobe StockGerman economy contracts sharply in second quarter
27.07.2020 DE
“German economic output is likely to have declined considerably more sharply in the second quarter of 2020 as a result of the coronavirus pandemic than in the first quarter,”
the Bundesbank explains in the latest edition of its Monthly Report. According to the Bundesbank, it can be assumed, however, that economic activity already bottomed out in April and that the economy has been recovering since then. -
© Nils ThiesExhibition showcasing designs for Bundesbank campus now open
17.07.2020 DE
A new exhibition at the German Architecture Museum (DAM) is showcasing all the designs submitted for the Bundesbank’s new campus on the grounds of its Central Office in Frankfurt am Main. The opening ceremony saw Executive Board member Johannes Beermann award prizes for the best designs.
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© Nils ThiesPhoto book on the Bundesbank’s architecture
15.07.2020 DE
“The past becomes the future – the Bundesbank’s Central Office in Frankfurt am Main” takes a close look at the architecture of the building, setting it in historical context.