The Bank for International Settlements writes in its Annual Report that there is an urgent need to shift the global economy to a more robust, balanced and sustainable expansion. Prudential, fiscal and structural policies must come to the fore, the BIS says.

In the wake of the UK referendum on the country's membership of the European Union, the European Central Bank and the other central banks of the Eurosystem will closely monitor developments in financial markets. In a press release approved by the Governing Council, the ECB has stated that it is in close contact with other central banks and stands ready to provide additional liquidity, if needed, in euro and foreign currencies.

In its recent Monthly Report the Bundesbank outlines the prospects for the German economy until the year 2018. It also explores how quantitative easing is impacting on the aggregate euro-area economy and comments on the structure and dynamics of vertical integration in manufacturing as reflected in the financial statements of German enterprises.

Speaking at a symposium in Frankfurt, Bundesbank President Jens Weidmann told the audience that it was essential to repeatedly emphasise the importance of price stability in times of low inflation. Monetary policymakers would, he said, require the full backing of the public if rising inflation required them to once again tighten the monetary reins.

The €500 note is to be abolished, and ceilings on cash payments are being discussed - and yet coins and notes remain Germany's favourite medium of payment. These were some of the topics discussed by constitutional scholars and representatives of banks, the retail trade, consumer protection and the Bundesbank, among other parties, at the Bundesbank's third cash symposium.

From the point of view of Bundesbank President Jens Weidmann, there is no need to loosen the accommodative monetary policy any further. In remarks delivered at the third cash symposium of the Deutsche Bundesbank, he noted that, instead, the forces of growth in the euro area needed to be strengthened and that the measures already introduced should be given time to unleash their impact.

The Bundesbank will be hosting its third cash symposium on 13 June. Senior representatives from the business community, civil society and academia will be convening there for an exchange on cash-related matters. Speakers include Bundesbank President Jens Weidmann, former President of the Federal Constitutional Court Hans-Jürgen Papier and philosopher Richard David Precht.

The outlook for Germany's economy remains upbeat. The Bundesbank's latest half-yearly projection singles out buoyant domestic demand as the main factor driving the robust upswing. Exports are also predicted to gain renewed traction from 2017 onwards.

At the Bundesbank's banking symposium Andreas Dombret has warned against the dangers of hastily implementing the European Commission's proposals to introduce a joint European deposit guarantee scheme.

On 10 and 11 June, central bankers and academics will convene in Eltville am Rhein for the Spring Conference 2016. The focus of the conference will be on the interaction between monetary, financial and fiscal policy. This high-level event is being organised by the Bundesbank.