Since January 2003, the Eurosystem has carried out a quarterly bank lending survey (BLS) to expand its knowledge about the role of lending in the monetary transmission mechanism and thus to obtain additional information for monetary policy analysis.

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

The term structure of interes rates in the debt securities market shows the connection between the interest rates and maturities of default-free zero coupon bonds.

In spite of many burdens, the German economy grew more strongly than expected at the beginning of 2026 – partly because industry proved to be quite resilient. However, the labour market continued to deteriorate and the consequences of the war in Iran are clouding the outlook for the German economy in the second quarter.

Commercial property prices in Germany increased by 2.1 % on the year in the first quarter of 2026. This means the rise that had begun in mid-2024 continued almost unchanged.

Our new representatives provide a personal insight into their tasks at the Consulate General in Mumbai and at the OECD in Paris.