In April 2022, Germany’s current account recorded a surplus of €7.4 billion, down €11.3 billion on the previous month’s level. This was chiefly due to a decrease in the goods account surplus, but was also attributable to a somewhat lower surplus in invisible current transactions, which comprise services as well as primary and secondary income.

Asset purchases can be a monetary policy measure to raise the inflation rate to the desired level in a low interest rate environment. The following film explains how this works.

Private payment media and the role of central banks in the digital age.

Article from the Monthly Report October 2022