Die Kreditbedingungen wurden in der Zeit von Juni bis August 2024 insgesamt etwas gelockert. Während die preislichen Konditionen stärker als erwartet gelockert wurden, blieben die nichtpreislichen Konditionen den Erwartungen entsprechend unverändert.

Der EZB-Rat hat heute beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte zu senken. Insbesondere der Beschluss zur Senkung des Zinssatzes für die Einlagefazilität – der Zinssatz, mit dem wir den geldpolitischen Kurs steuern – spiegelt unsere aktualisierte Beurteilung der Inflationsaussichten, die Dynamik der zugrunde liegenden Inflation und die Stärke der geldpolitischen Transmission wider.

Der EZB-Rat hat heute beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte zu senken. 

Registration is open for our international central banking courses in 2025. Apply now and become part of a global community of central banking experts. The first registration deadlines are in December.

NEW: Online course on LSI stress tests, 27 November 2024

If an institution’s financial situation deteriorates, the SAG gives supervisors extensive powers to intervene at an early stage.

For the first time in nearly three years, the German banks responding to the Bank Lending Survey (BLS) did not tighten their credit standards for loans to enterprises further in the third quarter of 2024, but eased them marginally instead. On the other hand, they once again tightened their credit standards for loans to households for house purchase and for consumer credit and other lending to households For the fourth quarter, banks are planning to tighten their credit standards for loans to enterprises again, partly owing to pessimistic market and economic expectations.

The Bundesbank has been collecting annual statistics on foreign direct investment stocks (DI) in accordance with the provisions of the Foreign Trade and Payments Regulation (Außenwirtschaftsverordnung) since 1976 and publishes aggregated results in the Bundesbank's Special Statistical Publication 10.

The banking stress test just conducted jointly by BaFin and the Bundesbank has shown that the profitability of small and medium-sized banks and savings banks in Germany improved significantly in 2023. Institutions have emerged from the interest rate reversal with stronger profitability and a higher capital base, and are also prepared for a severe crisis scenario. At a joint press conference in Frankfurt, Raimund Röseler, Chief Executive Director of Banking Supervision at BaFin, and Michael Theurer, the Bundesbank Executive Board member responsible for banking supervision, presented the results of the “LSI stress test”.

In early September, a delegation from the Deutsche Bundesbank travelled to Istanbul to discuss aspects of central bank digital currencies (CBDC) with the Central Bank of the Republic of Türkiye (TCMB) and other stakeholders. Read more below about the exciting insights gained and how collaboration will be intensified.

Sustainable Finance refers to the integration of environmental, social and governance aspects into the decision-making of financial players.

on the subject of Balance of payments

Change of office ceremony in Johannesburg: Jens Fuhrmann takes over from Dr Eugen Cleveland as the Bundesbank’s new representative in South Africa. Read more on how close collaboration with the region’s central banks is being continued and expanded.

Im Rahmen einer Werkstudententätigkeit können Sie erste Einblicke in den Arbeitsalltag bei einer Zentralbank gewinnen.

Die Finanzsanktionen gegen diejenigen, die Gewalttaten der Hamas und des Palästinensischen Islamischen Dschihads unterstützen, erleichtern oder ermöglichen, dienen der Durchführung von Maßnahmen der Europäischen Union. 

Laut der Umfrage zum Kreditgeschäft im Euroraum vom Oktober 2024 blieben die Kreditrichtlinien
(d. h. die bankinternen Richtlinien oder Kriterien für die Kreditgewährung) für Unternehmenskredite
(inklusive Kreditlinien) im dritten Quartal 2024 unverändert; per saldo meldeten 0 % der Banken eine Veränderung.

Director for Board and International Affairs

Implementation in the EU of the Basel III reform package will lead to a 3.3% increase in minimum required capital (MRC) by 2030 for a sample of 36 German financial institutions. The Bundesbank calculated this result in a study based on data from large institutions in particular.

On 16 September, the Deutsche Bundesbank and the National Bank of Kazakhstan signed a Memorandum of Understanding (MoU) which provides a formal basis for their long-standing collaboration and intensifies cooperation within the framework of the CCAMTAC. Read more below about the details and importance of this partnership.

Die Finanzsanktionen gegen bestimmte Personen, Organisationen und Einrichtungen angesichts der Lage in Libyen dienen der Durchführung von Maßnahmen der Vereinten Nationen.

The certificate is self-signed with the SHA-256 algorithm and is valid for twelve years.

Technology-based financial enterprises, also known as fintechs, have the potential to transform the financial system permanently. Experts from 15 countries discussed the challenges central banks and financial supervisory authorities face in their work with the advent of fintechs.

The Representative Office in New York provides an informal atmosphere – Bundesbank staff present their work to American banking and financial experts. To start off: Dr Weigert with the 2018 Financial Stability Review.

Cooperative arrangements are valuable, as they save resources, increase reach and strengthen networks

The certificate is signed with the SHA-256 algorithm by the Bundesbank Root CA 2017 Advanced and is valid for six years.

Die Bruttoemissionen am deutschen Rentenmarkt lagen im August 2024 mit 113,5 Mrd € unter dem Wert des Vormonats (118,6 Mrd €). Nach Berücksichtigung der Tilgungen und der Eigenbestandsveränderungen der Emittenten stieg der Umlauf heimischer Rentenwerte um 7,5 Mrd € (Juli: – 1,2 Mrd €). Ausländische Titel wurden für netto 9,3 Mrd € am deutschen Markt untergebracht, sodass der Umlauf von in- und ausländischen Schuldverschreibungen in Deutschland im Ergebnis um 16,8 Mrd € zunahm. 

Germany’s current account recorded a surplus of €14.4 billion in August 2024, down €3.3 billion on the previous month’s level. This was chiefly attributable to a smaller goods account surplus.

Dr Johannes Ludwig is the new Deputy Head of the New York Representative Office.

Martin Dinkelborg is the programme manager responsible for the recently launched EU-funded project with the Western Balkans, a major project involving 30 institutions. In an interview, he illustrates just how complex the project is and talks of the many challenges that had to be overcome before the programme could be launched.

At the beginning of November, the Centre for International Central Bank Dialogue welcomed a delegation from Malawi to Frankfurt for the first time.

Experts from 17 countries and the Bundesbank discussed various issues regarding the exchange and shared use of sensitive and granular data and microdata. Real-world applicability was key. The seminar will be held again in 2019.

Profile Andreas Gauf

Online lecture series on climate change and central banks ran until mid-May. Two new series on the digital euro and cash management set to start in 2024. 

Is cash a thing of the past? Certainly not! It is an important means of payment and will remain so in the future. A central bank should be well prepared in this respect. In this age of automation and digitalisation, it is important to address the right questions and make adjustments for the future. The CIC has an interesting proposal relating to this issue.

EU Twinning light project “Strengthening the capacities of the system for fight against counterfeiting of EUR” in North Macedonia successfully completed.

Starting in June, you will be able to participate in our new web-seminars each week. Sign up now – the number of participants is limited.

A Memorandum of Understanding has been signed between the Deutsche Bundesbank and the People’s Bank of China.