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Session 2: Going beyond numbers - exploiting nontraditional data Joint SUERF-Deutsche Bundesbank conference
09.12.2025
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Session 3: AI as a driver of macroeconomic dynamics Joint SUERF-Deutsche Bundesbank conference
09.12.2025
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Policy panel: Implications of AI for Central Banking Joint SUERF-Deutsche Bundesbank conference
09.12.2025
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Jens Ulbrich: Closing remarks Joint SUERF-Deutsche Bundesbank conference
09.12.2025
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German balance of payments in May 2025
Germany’s current account recorded a surplus of €9.6 billion in May 2025, virtually half the level seen in the preceding month. This was mainly attributable to the swing to a deficit in invisible current transactions, which comprise services as well as primary and secondary income. There was also a somewhat smaller surplus in goods trading.
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Cash demand planning
This online course is aimed at those new to roles in central banks’ cash departments who would like an introduction to future demand planning and the monitoring of cash stock. More experienced staff wishing to expand their knowledge, as well as those responsible for supervising such processes, would also find it useful.
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Monetary policy implementation
(i) Junior to mid-level central bank officials working in monetary policy operations; and (ii) officials from central banks or ministries of finance/economy whose responsibilities require, or who have a strong interest in acquiring, a thorough understanding of monetary policy implementation.
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Machine learning methods
The course is aimed at data-savvy central bankers, regulators and supervisors in areas such as information technology and statistics, or research departments interested in implementing advanced machine learning methods.
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Hoher Nettoabsatz von Schuldverschreibungen im Mai 2025
Die Bruttoemissionen am deutschen Rentenmarkt lagen im Mai 2025 mit 135,6 Mrd € über dem Wert des Vormonats (115,8 Mrd €). Nach Abzug der Tilgungen und unter Berücksichtigung der Eigenbestandsveränderungen der Emittenten stieg der Umlauf heimischer Rentenwerte um 35,7 Mrd €. Ausländische Schuldverschreibungen wurden für netto 23,1 Mrd € auf dem deutschen Markt untergebracht. Im Ergebnis nahm damit der Umlauf von Schuldverschreibungen in Deutschland um 58,8 Mrd € zu.
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Invitation to bid – Treasury discount paper (Unverzinsliche Schatzanweisungen – “Bubills”) of the Federal Republic of Germany
172 KB, PDF