Monthly Reports from August 1948 until today
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The Monthly Reports from 1948 to 1999 have been scanned. They are available as image files and cannot be searched as full texts.
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Monthly Report - June 2019
The June 2019 edition of the Bundesbank’s Monthly Report outlines the prospects for the German economy on the basis of projections for 2019 and 2020 and looks ahead at the year 2021. It also covers the overhaul of European banking regulation and features an analysis of the costs associated with different means of payment in the retail sector. Lastly, the changing face of payments services is explored, with reference to instant payments, PSD2 and new competitors.
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Monthly Report - May 2019
The May 2019 edition of the Monthly Report comments on the economic situation in Germany in spring 2019.
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Monthly Report - April 2019
The April 2019 Monthly Report presents the results of the 2017 survey on household wealth and finances in Germany and analyses the interest rate pass-through in the low interest rate environment. It also contains an article outlining reform options for the European Stability and Growth Pact as well as an article describing how the Stability Council will monitor the German debt brake as of 2020.
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Monthly Report - March 2019
The March 2019 edition of the Bundesbank’s Monthly Report sheds light on Germany’s balance of payments for 2018 and it analyses the demand for cash in the shadow economy.
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Monthly Report - February 2019
The February 2019 edition of the Monthly Report comments on the economic situation in Germany in winter 2018/2019.
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Monthly Report - January 2019
The January 2019 edition of the Bundesbank’s Monthly Report looks into how a normalisation of interest rates will impact on balance sheets in the euro area’s private non-financial sector and explores price competitiveness in a number of euro area countries in terms of the development, drivers and influence of labour market reforms. The Report also features an analysis of financial cycles in the euro area and sheds light on International Financial Reporting Standard (IFRS) 9 from a banking supervision angle.
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Monthly Report - December 2018
The December 2018 edition of the Bundesbank’s Monthly Report outlines the prospects for the German economy on the basis of projections for 2019 and 2020, with a look ahead at the year 2021. It also features an analysis of German enterprises’ profitability and financing conditions in 2017 as well as an article on the amount, profitability and risks of cross-border assets in Germany’s external position.
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Monthly Report - November 2018
The November 2018 edition of the Monthly Report comments on the economic situation in Germany in autumn 2018.
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Monthly Report - October 2018
The Bundesbank’s October 2018 Monthly Report comments on trends in state government finances, the implementation of the debt brake and future budgetary surveillance. It also analyses the macroeconomic impact of uncertainty as well as the activities of multinationals against the backdrop of national economic statistics. Furthermore, the report contains an article on the growing importance of exchange-traded funds on the financial markets.
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Monthly Report - September 2018
The September 2018 Monthly Report explains the models that the Bundesbank uses to make its short-term economic forecasts as well as how these models have been updated. In addition, the Report also analyses the performance of German credit institutions in 2017.