TARGET2-Securities (T2S) is the name of the Eurosystem project to offer a new, harmonised and centralised method of settling securities in central bank money.

In an interview with FOCUS online, Bundesbank Executive Board member Burkhard Balz explains why the digital euro is necessary and the challenges involved. Our objective as Eurosystem central banks is to launch a pilot operation in mid-2027. As before, we still expect the digital euro to go live in 2029, Mr Balz said.

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

Here you will find information on the bank sort code file and on the bank sort code update service. You can also download the bank sort code files.

In its function as Germany's central bank, the Bundesbank answers enquiries concerning historical German currencies and calculates long-term purchasing power equivalents.

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

The G7 is an informal club of seven of the world's most advanced industrial economies (Germany, France, Italy, Japan, Canada, the United States and the United Kingdom). The Bundesbank has a particular interest in issues concerning the policies pursued by international financial institutions and the stability and integrity of the international financial and monetary system.

The Bundesbank brings its expertise to numerous European and international bodies and organisations in which issues concerning financial stability and the financial and monetary system are analysed and policy measures are coordinated.

The G20 is currently considered the main forum for international economic cooperation and is therefore at the heart of multilateral financial diplomacy. Since its inception in 1999, the G20 has primarily focused on managing financial crises, strengthening the financial sectors of emerging market countries, enhancing the Bretton Woods institutions and developing growth strategies.

The German banking sector is currently stable overall, with sound capital and liquidity buffers – that’s good news, Bundesbank Executive Board member Michael Theurer stressed at the digital supervisory briefing, an event organised by the Bundesbank and BaFin. Together with Annika Sattler from the Bundesbank, Theurer and BaFin Chief Executive Director Nikolas Speer spoke about the risk situation, simplification and proportionality. Participants from the worlds of banking and supervision numbered more than 5,000 at times during the digital supervisory briefing, which was streamed live.

Once a year, teachers are invited to the Bundesbank to talk about current central banking issues. Lutz Lienenkämper, the Executive Board member whose responsibilities include economic education, conferred with teachers about financial literacy in schools, the current stance of monetary policy and the digital euro.

Die Erwartungen zur Gesamtinflation und zur HVPI-Kerninflation sind über alle Zeithorizonte hinweg unverändert. Die Erwartungen für das Wachstum des realen BIP sind mit Ausnahme einer leichten Aufwärtsrevision für 2026 unverändert. Die Erwartungen zur Arbeitslosenquote sind für 2026 und 2027 unverändert, doch danach etwas geringer.

Der EZB-Rat hat heute beschlossen, die drei Leitzinssätze der EZB unverändert zu belassen. Unsere
aktualisierte Beurteilung bestätigt erneut, dass sich die Inflation auf mittlere Sicht bei unserem Zielwert
von 2 % stabilisieren dürfte.

The Governing Council today decided to keep the three key ECB interest rates unchanged. Its updated assessment reconfirms that inflation should stabilise at its 2 % target in the medium term.

Der EZB-Rat hat heute beschlossen, die drei Leitzinssätze der EZB unverändert zu belassen. Seine
aktualisierte Beurteilung bestätigt erneut, dass sich die Inflation auf mittlere Sicht bei seinem Zielwert
von 2 % stabilisieren dürfte.

“In a globally interconnected world, autonomy is an illusion,” Bundesbank President Joachim Nagel told the German “Frankfurter Allgemeine Zeitung” newspaper. But even so, Europe still needed to invest in certain areas in order to become more independent. Interviewed jointly with Martin Kocher, Governor of the Oesterreichische Nationalbank, they also spoke about the debt ratios of euro area countries, proposals for fiscal consolidation, and central bank independence.

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

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