January 2010 to December 2024

Nowadays, a key part of trading on international stock markets is being performed by computer algorithms designed to minimise the time lag between orders and their execution. In the current issue of its Monthly Report, the Bundesbank studies what effects these increasingly rapid trading activities are having on the German capital market.

To mark Chinese President Xi Jinping's visit to Berlin, the Deutsche Bundesbank and the People's Bank of China (PBoC) have signed a memorandum of understanding regarding the clearing and settlement of payments denominated in the Chinese renminbi in Frankfurt.

Bundesbank President Jens Weidmann has stressed the European Central Bank’s independence. In an interview with the Financial Times, Weidmann pointed out that the debate in Germany was too narrow and was not focusing enough on the broader macroeconomic consequences of current monetary policy.

Financial stability is a state in which the financial system can perform its key economic functions smoothly at all times, particularly in times of stress and structural upheaval. Monetary stability refers to the economic, monetary and financial stability of the individual countries and the world monetary system as a whole.