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Financial Stability Review 2023
The macroeconomic environment is being shaped by the interest rate reversal and heightened uncertainty. So far, the German financial system has coped well with the rise in interest rates over the last year, but the effects of this rise have not yet fully materialised. Structural change in the economy is also likely to further increase credit risk.
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Monthly Report – March 2022
The March 2022 edition of the Monthly Report features an article on monetary policy in a protracted phase of low interest rates, discussing the concept of the reversal rate. In addition, it analyses Germany’s balance of payments for 2021.
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Zusammenfassung der geldpolitischen Sitzung des Rates der Europäischen Zentralbank vom 09. - 10. März 2016
134 KB, PDF
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Monthly report – May 2021
The May 2021 edition of the Monthly Report comments on the economic situation in Germany in spring 2021.
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Konsequenzen für die Geldpolitik aus der Finanzkrise Monatsberichtsaufsatz März 2011
388 KB, PDF
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Monthly Report - November 2017
The Monthly Report November 2017 comments on the economic situation in Germany in autumn 2017.