The money market is where short-term loans and securities are traded. Based on this general definition, the money market is the counterpart of the capital market, where long-term financial contracts are concluded. In international and national statistics, it is customary to allocate maturities of up to (and including) one year to the money market sector.

In 2024, Germany paid more to the European level than it received by around 0.4 % of its gross national income (€18 billion), as explained in the current edition of the Bundesbank’s Monthly Report. It was thus one of ten Member States that made net contributions to the EU budget and the NextGenerationEU (NGEU) off-budget entity. It was not among the frontrunners, however, as it received significantly more NGEU grants than it did in previous years. Once every year, the Bundesbank calculates the net contributions to the EU budget and NGEU. In addition, the Monthly Report examines the European Commission’s proposal for the next multiannual financial framework.

Base wages rose sharply in August.

Less screen time, more face time – in our new course program for 2026, we’re putting a spotlight on in-person training, interactive learning and practice-driven content! We’re offering 48 courses, including 13 expert panels, so you’re bound to find a perfect opportunity to widen your skillset and make valuable contacts. Explore the new topics we’re offering next year and find out more about our state-of-the-art delivery methods. Registration is now open.

Die Verfahrensregeln zusammen mit den dazugehörigen Spezifikationen und Schemata beschreiben die zukünftige Abwicklung vonSCC-Karteneinzügen imSEPA-Clearer desEMZder Deutschen Bundesbank.