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Services by Mode of Supply (MoS)
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Outlook for 2026 in the light of multifaceted challenges worldwide Speech held at the Ambassadors Club e.V. Lunch Jour Fixe
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The environment and the banking sector: A new set of challenges from climate change and loss of biodiversity Research Conference on Climate- and Nature-Related Risks in the Economic and Financial System, Deutsche Bundesbank, Banque de France
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Amendments to the reporting system
Overview of the most important content-related amendments to the external reporting system.
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International Monetary Fund (IMF)
The International Monetary Fund (IMF) was conceived at the Bretton Woods Conference in 1944, and currently has 190 member countries. Germany joined the Fund in 1952. The overarching aim of the IMF is to promote economic policy cooperation and stability in the international monetary system. Its mandate also covers financial stability issues that have monetary implications.
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German economy closes 2025 with significant gains
19.02.2026 DE
German economic output rose significantly in the fourth quarter of 2025, according to the Monthly Report. Growth towards the end of the year was primarily driven by private and government consumption. Households probably also benefited from strong wage growth. Industry grew its production and construction output rose significantly. According to the experts, there is no sign of any short-term trend reversal for the better in the labour market. The inflation rate stood at around 2 % at the turn of the year.
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“This is really worrying” Interview with Frankfurter Allgemeine Zeitung
“In a globally interconnected world, autonomy is an illusion,” Bundesbank President Joachim Nagel told the German “Frankfurter Allgemeine Zeitung” newspaper. But even so, Europe still needed to invest in certain areas in order to become more independent. Interviewed jointly with Martin Kocher, Governor of the Oesterreichische Nationalbank, they also spoke about the debt ratios of euro area countries, proposals for fiscal consolidation, and central bank independence.
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