The Deutsche Bundesbank calculates the basic rate of interest pursuant to Section 247(1) of the German Civil Code (Bürgerliches Gesetzbuch) and publishes its current level in the Federal Gazette (Bundesanzeiger) pursuant to Section 247(2) of the German Civil Code.

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 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.

Director General Cash Management

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.