The October 2015 Monthly Report describes German households' saving and investment behaviour in the low-interest-rate environment and outlines the development of and outlook for government spending on personnel.

The European sovereign debt crisis remains the greatest threat to financial stability in Germany. The Bundesbank considers that a substantial worsening of the situation would have a significant adverse impact on German banks and insurers. In addition, low interest rates, high liquidity and potential exaggerations in the German real estate market could pose a future threat to financial stability.