TIPS is a Eurosystem service for the settlement of instant payments which went live on 30 November 2018.

Beim Neujahrsempfang der Ehemaligenvereinigung der Hochschule der Bundesbank sprach die Wirtschaftsweise Veronika Grimm über aktuelle außenwirtschaftliche Probleme und mögliche Lösungsansätze.

In the final quarter of 2022, real gross domestic product is likely to have more or less stagnated, and thus exceeded previous expectations,” the Monthly Report states. Although high inflation and uncertainty surrounding the war in Ukraine weighed on the economy, the situation in the energy markets eased markedly compared with the third quarter. This, coupled with the government covering advance payments for gas bills, led to a distinct weakening in consumer price dynamics in December. However, prices for non-energy components such as food and industrial goods continued to increase sharply, according to the report.