Following significant GDP growth in the previous quarter, the German economy is likely to stagnate in the first quarter of 2026 in seasonally adjusted terms, according to the March issue of the Bundesbank’s Monthly Report. Industry’s weak competitive position, continued low capacity utilisation and a lag in the impact of government stimuli are dampening developments. The Middle East conflict is a source of additional burdens, especially as a result of rising energy prices, and these factors are keeping the inflation outlook particularly uncertain at present.

To leverage new data sources in the field of sustainable finance, the Bundesbank uses innovative technologies. For example, in cooperation with Ludwig Maximilian University of Munich, artificial intelligence is being used in the project “Greenhouse Gas Insights and Sustainability Tracking” (GIST) to extract sustainability information from unstructured public sources and make it usable for statistical purposes.

Here you can find a wide range of information that is particularly useful for new participants, as well as the TARGET registration form, which must be completed for the initial registration but also for any subsequent amendments.

The Deutsche Bundesbank will use your personal information in compliance with data protection regulations and has appointed a Data Protection Officer pursuant to the Federal Data Protection Act.

Der gewichtete Indikator der Kreditfinanzierungskosten für neue Kredite an Unternehmen sank um 6 Basispunkte auf 3,51 %, während der entsprechende Indikator für neue Wohnungsbaukredite an private Haushalte mit 3,37 % weitgehend unverändert blieb.

Here you find forms for participation in the MACCs procedure, available for download.

Germany’s gross external debt amounted to €6.8 trillion at the end of 2025; relative to gross domestic product (GDP) it remained unchanged in the period under review.

The digital euro is intended to complement cash and strengthen Europe’s strategic autonomy in payments, the Bundesbank writes in its latest Monthly Report. Both online and offline payments would be possible with the digital euro. It would introduce the benefits of cash to the digital world without replacing cash.

Here you will find a compilation of information, regulations and forms that are necessary for the continuation of cash transactions with the Bundesbank in the event of an incident.

Germany’s net international investment position (i.i.p.) rose by €205.6 billion in 2025.

At the end of 2025, the German net international investment position (i.i.p.) amounts to €3.7 trillion; that equates to 82 % of gross domestic product (GDP). German claims on non-residents now stand at €14.5 trillion. This compares to German liabilities amounting to €10.8 trillion.

General government debt in Germany increased by €144 billion in 2025 to €2.84 trillion. Central government debt, including its off-budget entities, grew by €107 billion.