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Information concerning financial sanctions, i. e. concerning restrictions on the free movement of capital and payments.

Inflation this year is going to be noticeably higher than we were expecting it to be before the war in the Middle East broke out, Bundesbank President Joachim Nagel told the RedaktionsNetzwerk Deutschland (RND) media network in an interview. How high inflation turns out to be mainly depended on how long the Strait of Hormuz remained blocked, he added. If the outlook doesn’t improve noticeably, I would expect us to raise interest rates in June, Nagel said, pointing to the geopolitical situation and rising energy prices.

The financial accounts summarise financial flows in the economy and thereby contribute to the picture provided by the national accounts, which focus on the real economy. Among other things, they show whether, on balance, financial resources were taken up or made available and in what form (eg loans or shares).

The Deutsche Bundesbank calculates the basic rate of interest pursuant to Section 247(1) of the German Civil Code (Bürgerliches Gesetzbuch) and publishes its current level in the Federal Gazette (Bundesanzeiger) pursuant to Section 247(2) of the German Civil Code.

Since 1998 financial services institutions have been supervised according to the same rules as credit institutions and also require authorisation.