Germany’s current account posted a surplus of € 23.2 billion in June 2024, up € 4.9 billion on the previous month’s level. The goods account surplus decreased, yet the deficit in invisible current transactions narrowed to a far greater extent.

Die Bruttoemissionen am deutschen Rentenmarkt lagen im Juni 2024 mit 114,9 Mrd € unter dem Wert des Vormonats (142,8 Mrd €). Nach Abzug der Tilgungen und unter Berücksichtigung der Eigenbestandsveränderungen der Emittenten stieg der Umlauf heimischer Rentenwerte um 12,9 Mrd €.

As in 2023, the monetary policy measures of the past few years shaped the Bundesbank’s annual accounts in the 2024 financial year. It recorded an accumulated loss of €19.2 billion for the reporting year, Bundesbank President Joachim Nagel and First Deputy Governor Sabine Mauderer said at the press conference presenting the Bank’s annual accounts. The Bundesbank has a sound balance sheet, Mr Nagel stressed, explaining that the value of its revaluation reserves was many times greater than the current and prospective accumulated losses.

For non-business clients, the Bundesbank offers cash-related services for the settlement of small-scale transactions. However, given that the minimum requirements applicable for transactions effected by business clients do not apply to business clients, the range of cash-related services available to these customers is restricted.