Pursuant to ESA 2010, the fiscal policy activities of the EU institutions at a national level are not included in the government sector account.

These national public finance statistics contain data on the budgetary developments of central, state and local government, the social security funds and general government according to the definition in the German public finance statistics, which is largely based on transactions booked in the budgets.

In der jüngsten Umfrage über den Zugang von Unternehmen im Euroraum zu Finanzmitteln (SAFE) für das erste Quartal 2026 berichteten die Unternehmen von einem Anstieg der Zinssätze für Bankkredite (per saldo 26 % nach 12 % im Vorquartal).

The average inflation expectations of households in Germany for the next 12 months increased by 0.8 percentage point in March to 3.5 %. They have thus reached their highest level in this study since February 2024 (3.6 %). In response to a qualitative question on inflation rate developments, the share of households expecting inflation rates to rise during this period grew by 28 percentage points on the previous month to 80 %. This is the highest value recorded by this survey since October 2022. Average expectations for the inflation rate in three years’ time rose in March, climbing by 0.3 percentage point to 3.4 %. Expectations for the average over the next five years remained stable at 3.3 %.

Mit dem Bachelor-Studium der Angewandten Informatik bieten wir Dir – in Kooperation mit der Hochschule in Mainz – einen attraktiven Berufseinstieg in die Welt der Informationstechnologie.

Mit dem Bachelor-Studium der Wirtschaftsinformatik bieten wir Ihnen – in Kooperation mit der Dualen Hochschule in Baden-Württemberg (DHBW) – einen attraktiven Berufseinstieg in die Welt der Informationstechnologie.

The global economy is under pressure: the pandemic, the war in Ukraine and the conflicts in the Middle East have heightened geopolitical tensions. Germany, a large open economy with a gross international investment position of over €14 trillion, is particularly affected by this. In the current edition of the Monthly Report, our experts analyse changes in Germany’s external assets against the backdrop of the current geopolitical situation.

The change in the global world order and economic system isn’t a temporary phenomenon. Globalisation and digitalisation mean this change will be a perpetual process, First Deputy Governor Sabine Mauderer announced at a symposium organised by the Institute for Banking and Financial History (IBF) and the Center for Financial Studies (CFS). Hosted by the Bundesbank’s Regional Office in Hesse, this event saw participants discuss how trade conflicts can impact on the global economic system. Bundesbank Executive Board member Fritzi Köhler-Geib spoke on a panel about the outlook for the German and European economy.

For the processing of cross-border euro credit transfers via the Customer Access Mechanism-IMPay (CAM-IMPay) the following rules apply. “Procedural rules of the Deutsche Bundesbank for the clearing and settlement of cross-border euro retail payments in Customer Access Mechanism-IMPay (CAM-IMPay) (Procedural rules for CAM-IMPay)”