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German economy suffers setback in the second quarter
21.08.2025 DE
According to the Federal Statistical Office’s flash estimate, seasonally adjusted real gross domestic product (GDP) recorded a quarter-on-quarter decline of 0.1 % in the second quarter, after still rising markedly in the previous two quarters. The Monthly Report states that after US tariffs were raised in April, industrial output and exports recorded a fall-off. While private consumption benefited from a sharp rise in wages, the labour market remained too weak to generate stronger momentum. The inflation rate fell distinctly in the second quarter.
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Announcement of auction – New 7-year Federal bond issue
171 KB, PDF
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Asset purchase programme (APP)
On 22 January 2015, the ECB Governing Council announced the launch of an expanded asset purchase programme (APP).
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Reopening of two Federal bonds – Auction result
173 KB, PDF
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Monatliche Zahlungsbilanz des Euroraums: Juni 2025
352 KB, PDF
Im Juni 2025 wies die Leistungsbilanz einen Überschuss von 36 Mrd. € auf (nach 32 Mrd. € im Vormonat).
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Tägliche Rendite der börsennotierten Bundeswertpapiere
102 KB, PDF
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Reopening of five-year Federal notes (Bundesobligationen – “Bobls”) – Auction result
172 KB, PDF
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Fritzi Köhler-Geib appointed honorary professor at Goethe University
19.08.2025 DE
Goethe University Frankfurt has appointed Bundesbank Executive Board member Fritzi Köhler-Geib as an honorary professor. Dr Köhler-Geib has been teaching master level courses in international and development economics/economic policy within the university’s economics and business department since 2021. She will continue to provide students on her courses, which focus on the intersection of financial markets and the real economy, with her practice-oriented perspective on policy measures to support economic growth and transformation processes.
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6-months Bills of the European Stability Mechanism (ESM) - Auction result
171 KB, PDF