The June 2019 edition of the Bundesbank’s Monthly Report outlines the prospects for the German economy on the basis of projections for 2019 and 2020 and looks ahead at the year 2021. It also covers the overhaul of European banking regulation and features an analysis of the costs associated with different means of payment in the retail sector. Lastly, the changing face of payments services is explored, with reference to instant payments, PSD2 and new competitors.

Consumer goods prices systematically depend on product age. A new study analyses this dependence and shows that it plays an important role in aggregate inflation and the optimal inflation rate.

The monthly report contains: The profitability of German credit institutions in 1994, Results of the national accounts for Germany as a whole, Cyclical downswings as reflected in enterprises' annual accounts, Enterprises' trade credit relations with non-residents.

The monthly report contains: Economic conditions in Germany, The financial markets in Germany, Foreign trade and payments, The international and European setting, Public finances.

The monthly report contains: German enterprises' profitability and financing in 2008, Price-level targeting as a monetary policy strategy.

The monthly report contains: Economic conditions in Germany, The economic scene in Germany at the turn of the year 1999-2000, Financial markets in Germany, Foreign trade and payments, Public finance.