Bundesbank President Joachim Nagel, speaking at an event at Ruhr University Bochum, has called for further interest rate steps. Looking to future developments, he said: “In my view, it is by no means certain that interest rates will reach their peak as early as this summer.” He believes that the German economy is well placed to rise to the challenges ahead, even if it did contract over the past two quarters: “With regard to the remainder of the year, our economists are cautiously optimistic. Things should start to pick up again soon, then.”

At the end of 2019, Germany’s net external assets stood at €2,472 billion, thus amounting to almost 72% of nominal gross domestic product (GDP). The German net external asset position rose by €345 billion year-on-year.

Germany’s net international investment position stood at €2,073 billion at the end of 2018, thus amounting to around 62% of nominal gross domestic product. The German net external asset position rose by €281 billion year-on-year. 

Gebühren für 2020 in Höhe von 514,3 Mio € ergeben sich aus tatsächlichen Ausgaben von 535,3 Mio € abzüglich des Überschusses aus 2019 und anderer Anpassungen. Neupriorisierung von Aufgaben infolge der Covid-19-Pandemie bei weitgehend gleichbleibenden Kosten gegenüber 2019. Nach Umstellung auf nachträgliche Inrechnungstellung zahlen Banken die Gebühren erst im zweiten Quartal 2021.