The Bundesbank’s National Analysis Centre in Mainz receives around 30,000 requests every year for the replacement of damaged cash. In order to facilitate reconstruction in cases involving a large number of banknote fragments, the Bundesbank joined forces with the Fraunhofer Institute for Production Systems and Design Technology (Fraunhofer IPK) to develop a digital system for reconstructing badly damaged euro banknotes based on “ePuzzler” technology.

In 2019, shortly before the outbreak of the coronavirus pandemic, the profitability of German non-financial enterprises was in good shape. Overall, German enterprises earned an average of 4.3 cent on each euro of sales in 2019, the Bundesbank writes in its latest Monthly Report. However, the coronavirus pandemic is likely to weigh heavily on corporate profitability this year and insolvencies are likely to increase.

Vorschlag des EZB-Rats für neuen stellvertretenden Vorsitzenden des Aufsichtsgremiums der EZB an Europäisches Parlament übermittelt. Endgültige Bestätigung erfolgt nach Zustimmung des Parlaments durch den Rat der Europäischen Union.
 

Bundesbank President Jens Weidmann sees a need for monetary policy action stemming from the subdued medium-term inflation in the euro area. However, he also considers it crucial that the share of outstanding government bonds held by central banks does not become too large. “Otherwise, we would be running the risk of gaining a dominant market influence and smoothing out the differences in risk premia for government bonds,” Mr Weidmann said in a speech delivered virtually at the Humboldt University in Berlin.

Die Leistungsbilanz wies im Oktober 2020 einen Überschuss von 27 Mrd € auf (nach 25 Mrd € im Vormonat).

Forex trading customers of the Bundesbank may purchase and sell euro in return for the following currencies on a spot basis.

EZB bietet 2021 vier zusätzliche längerfristige Pandemie-Notfallrefinanzierungsgeschäfte mit jeweils vierteljährlicher Zuteilung und einjähriger Laufzeit an.

Mounting borrowing at the European level could end up leaving national indicators such as the deficit and debt ratios less informative in the future, the Bundesbank warns in the current issue of its Monthly Report. This is why complete and transparent statistical reporting also needs to be ensured at the European level, the Bank’s experts argue.