Trade repositories (TRs) are a relatively new category of financial market infrastructure. They were explicitly added to the oversight tasks of central banks by the CPSS/IOSCO Principles for Financial Market Infrastructures (PFMIs) finalised in April 2012.

A list of publications which are based on direct investment micro data (MiDi).

The German economy is still experiencing a period of weakness. According to the Federal Statistical Office’s flash estimate, in the second quarter of 2023, seasonally adjusted real gross domestic product (GDP) stagnated at the level recorded in the previous quarter. The current issue of the Bundesbank’s Monthly Report reports that weak foreign demand and higher financing costs are weighing on the economy. The large backlog of orders in industry and construction and abating supply bottlenecks prevented an even weaker development. The sound labour market acted as a tailwind for the economy. 

Here you will find general information on the balance of payments as well as the international standards on which the concept and methodology of the German balance of payments are based.

Bundesbank President Jens Weidmann says that non-standard monetary policy measures can have a variety of effects on income and wealth distribution. “Much like conventional interest rate policy, the non-standard measures are more likely to have reduced income inequality,” he said in a speech in Hamburg.

Bundesbank President Joachim Nagel has once again advocated making a timely start on normalising policy rates in the euro area. The risk of acting too late is increasing notably, he said at a conference in Eltville am Rhein. “As inflation in the euro area continues to run high, we need to act,” Mr Nagel urged. “And if both the incoming data and our new projection confirm this view in June, I will advocate a first step [towards] normalising ECB (European Central Bank) interest rates in July.”

German economic output is likely to have gone up slightly again in the second quarter of 2023, according to the Monthly Report. Private consumption has stabilised after previously having fallen. According to the experts, the fact that the labour market remained in good shape, wages rose sharply and price inflation did not continue to accelerate contributed to this development. Meanwhile, the decline in foreign demand was a drag on industry and the rise in funding costs dampened domestic investment. The Bundesbank is expecting the economy to recover haltingly later in the year.