Scientific study on the expectations of firms in Germany

Article from the Monthly Report October 2022

Asset purchases can be a monetary policy measure to raise the inflation rate to the desired level in a low interest rate environment. The following film explains how this works.

Despite the energy crisis, the Deutsche Bundesbank does not expect the German economy to experience a severe downturn in the winter. “While economic output is likely to contract initially, we expect that the economy will gradually recover from the second half of 2023 onwards,” said Bundesbank President Joachim Nagel upon the release of his staff’s latest projections. However, the report states that inflation is high and only likely to decline gradually. “According to our projection, the rate of inflation in Germany is likely to fall to 2.8% by 2025,” Mr Nagel explained.

Machine learning, artificial intelligence and the digital euro – at the BaFinTech industry meeting, Bundesbank Executive Board members Joachim Wuermeling and Burkhard Balz spoke about the opportunities and risks of the digitalisation of banking business and central bank digital currency. The BaFinTech format was aimed at the financial industry.

Private payment media and the role of central banks in the digital age.

Germany’s current account recorded a surplus of €23.9 billion in December 2021, up €5.4 billion on the previous month’s level. The surplus in the goods account declined, but the surplus in invisible current transactions, which comprise services as well as primary and secondary income, increased considerably more strongly.

Germany’s current account recorded a surplus of €11.0 billion in January 2022, down €13.6 billion on the previous month’s level. The surplus in the goods account declined considerably, with the surplus in invisible current transactions, which comprise services as well as primary and secondary income, contracting even more strongly.