Bundesbank President Jens Weidmann says that non-standard monetary policy measures can have a variety of effects on income and wealth distribution. “Much like conventional interest rate policy, the non-standard measures are more likely to have reduced income inequality,” he said in a speech in Hamburg.

Trade repositories (TRs) are a relatively new category of financial market infrastructure. They were explicitly added to the oversight tasks of central banks by the CPSS/IOSCO Principles for Financial Market Infrastructures (PFMIs) finalised in April 2012.

“Over time, the IMF has repeatedly managed to emerge stronger from crises. However, the external circumstances have rarely been more challenging than they are today,” Federal Finance Minister Christian Lindner and Bundesbank President Joachim Nagel write in a guest article at Handelsblatt. “An IMF that focuses on its core mandate is best placed to strengthen the global economic and monetary system,” they explain in a contribution to mark the IMF’s 80th anniversary. 

According to the Federal Statistical Office (Destatis), gross domestic product (GDP) in 2021 was 2.7% higher than in 2020 (in price-adjusted terms). “Economic activity in 2021 was once again highly dependent on coronavirus infection rates and the associated containment measures,” said Georg Thiel, President of the Federal Statistical Office, at a press conference in Wiesbaden.

The Deutsche Bundesbank and the Banque de France, six national central banks of the European System of Central Banks (ESCB) and the European Central Bank (ECB) have today launched a programme funded by the European Union (EU) with the aim of contributing to the macroeconomic and financial stability of African countries.

Real gross domestic product will probably decline again slightly in the first quarter of 2024, according to the March Monthly Report. The economy continues to experience headwinds from various directions. Domestic and foreign demand for German industrial products went down further. In addition, higher financing costs dampened domestic demand. Moreover, the available survey indicators still provide little evidence of an economic recovery for the coming quarter. 

At the end of 2021, Germany’s primary outward foreign direct investment (FDI) stocks were up 8% on the year at €1,506 billion. Stocks of FDI in Germany show a different picture. A decline was recorded for the first time in a long period, with stocks down 2% to €852 billion. At €169 billion, German FDI flows abroad proved robust for 2022, despite being down slightly on the exceptionally high level of the previous year. By contrast, FDI flows from abroad to Germany almost halved to €44 billion.