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The Financial Instability - Monetary Policy Nexus: Evidence from the FOMC Minutes Dimitrios Kanelis, Lars Kranzmann, Pierre L. Siklos
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Learning Monetary Policy Strategies at the Effective Lower Bound with Sudden Surprises Spencer Krane, Leonardo Melosi, Matthias Rottner
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Liquidity Support in Financial Institutions Falko Fecht, Egemen Genc, Yigitcan Karabulut, Patrick Weber
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Beyond technocracy: Toward a holistic approach to central bank trust Sandra Eickmeier, Luba Petersen
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Acquisition of financial assets and external financing in Germany in the second quarter of 2025 Results of the financial accounts by sector
In the second quarter of 2025, households’ financial assets increased significantly, closing the quarter at €9,216 billion. This represents a rise of €138 billion on the previous quarter. Households built up claims worth €69 billion and also recorded valuation gains of €69 billion.
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Longer-term refinancing operation – Allotment Tender-ID: 20260095 | Reverse transaction
Value Date: 28.10.2026 | Duration: 91 day(s) | Maturity date: 27.01.2027
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Main refinancing operation – Allotment Tender-ID: 20260094 | Reverse transaction
Value Date: 28.10.2026 | Duration: 7 day(s) | Maturity date: 04.11.2026