The Bank has achieved the reduction targets that it set itself for 2020 and 2025 ahead of schedule. This is due, in particular, to purchasing electricity generated from renewable energy sources, switching heat energy sources and reducing heat consumption.

The September 2020 edition of the Monthly Report analyses the impact of monetary policy on the euro exchange rate and investigates global financial interconnectedness as well as spillover effects between the G20 countries. In addition, it discusses the performance of German credit institutions in 2019.

The August 2020 edition of the Monthly Report comments on the economic situation in Germany in summer 2020.

The exhibition catalogue, spanning roughly 120 pages, showcases all 29 designs entered in the architectural competition for the planned ensemble of new buildings on the campus of the Deutsche Bundesbank’s Frankfurt Central Office.

The July 2020 Monthly Report looks at the German current account surplus through the lens of macroeconomic models and examines the extent to which German households store cash, as well as their reasons for doing so.

Estimates by the Bundesbank suggest that banknotes worth around €268 billion were in circulation in Germany in 2018. Of that amount, roughly 20% was used directly for transactions. The other, far larger share – somewhere in the region of €200 billion – was being hoarded, i.e. stored for an extended period of time by households and firms.