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The 2025 U.S. Tariffs on China and Trade Diversion to the EU Felix Strobel, Patrick Schulte, Almira Enders, Andreas Esser
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ECB keeps rates unchanged
05.02.2026 DE
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.
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Bundesbank: risks to the German financial system have increased Financial Stability Review 2025 sees challenges from geopolitical tensions, trade conflicts and rising government debt
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European monetary policy in times of high uncertainty Lecture at ZEW – Leibniz Centre for European Economic Research
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The German economy: navigating cyclical fluctuations and boosting long-term growth Eesti Pank Public Lecture
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Methodological notes
Here you will find general information on the balance of payments as well as the international standards on which the concept and methodology of the German balance of payments are based.
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Sign of the lily Gold florin of Florence
Constans was the youngest son of Constantin I the Great. He was only a boy when his father accorded him the rank of Caesar (emperor-designate). With the death of Constantin I in 337, his three sons Constantin II, Constantius II and Constans adopted the title of Augustus and divided the empire amongst themselves.
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Methodology and quality External sector
on the subject of External sector