The Monthly Report of the Deutsche Bundesbank deals with economic issues, including monetary policy and financial and economic policy issues, in particular.

Die Leistungsbilanz wies im Juli 2024 einen Überschuss von 40 Mrd. € auf (nach
51 Mrd. € im Vormonat).

German credit institutions’ performance improved significantly in 2023, according to the current issue of the Bundesbank’s Monthly Report. At €48.7 billion, aggregate profit for the financial year before tax increased considerably, up by nearly 80 % on the year. All categories of banks posted higher profits for the 2023 financial year than they had done in 2022. This development was driven in large part by the significant increase in net interest income resulting from the Eurosystem’s key interest rate hikes.

To date, European climate policy has not yet led to widespread relocations of energy-intensive production abroad by domestic firms, the Bundesbank concludes in its latest Monthly Report. In this, the economists examine the impact of the EU Emissions Trading System (EU ETS) on the foreign direct investment decisions taken by German manufacturing sector enterprises. The experts conclude that favourable framework conditions that encourage innovation in low-emissions technologies are needed in order to prevent domestic production from being relocated in the future, too.