What do birds have to do with monetary policy? More than you think! Pigeons stand for a more relaxed monetary policy. Falcons are more likely to represent a more stringent monetary policy. Why they can also be seen in the Money Museum, explains presenter Silviana Ursu in the last part of our series from the Money Museum.
With regard to establishing a new or expanding an already existing entity domiciled in Germany, the German supervisory authorities stand ready to discuss the pertinent issues.
The Bundesbank provides a new procedure for the automated download of statistical data sets. The web service offers an interface for programmatic access.
The Bundesbank’s up-to-date statistical data in the form of time series (also available to download as a CSV file or SDMX-ML file).
Here you will find information on the bank sort code file and on the bank sort code update service. You can also download the bank sort code files.
In the press area, you will find press releases, speeches, guest contributions and interviews with Bundesbank Executive Board members as well as further press materials.
The Bundesbank published various studies and conference proceedings, resulting from the research activities of its employees and guest researchers.
With the dual bachelor's degree in applied computer science, we offer an attractive career in the world of information technology.
What are households’ expectations? Since 2019, the Deutsche Bundesbank has been investigating this question by surveying households in Germany on a regular basis (Bundesbank Online Panel Households).
In April 2021, individuals in Germany expected the rate of inflation to rise over the next twelve months by 2.9%, which is only slightly higher than in April 2020. The average inflation expectations have now been close to the three percent mark since December 2020, with the exception of January 2021. In line with this, the share of individuals expecting an increase in the inflation rate has risen by approximately six percentage points to about 76% between April 2020 and April 2021. At the same time, the share of respondents expecting declining inflation rates has dropped from around 13% to about 4% in April 2021.
In April 2021 about 80% of individuals in Germany expect real estate prices in their region to rise over the next twelve months, compared with 76% in March 2021. At the end of 2020, individuals expected real estate prices to increase by around 8% over the next twelve months. After a temporary decline to 7% in January 2021, expectations regarding real estate prices rose to about 9% in February 2021 and only slightly declined in March and April 2021.
The worsening of the coronavirus crisis in autumn 2020 also had an impact on expected income growth or decline, over the next twelve months. Like in spring 2020, during the first corona lockdown, households expected on average in November that their mean monthly net income would decline. Since the beginning of the year 2021, however, respondent's expectations regarding their household income have increased compared to year-end 2020. In February and March 2021, for the first time since the beginning of the pandemic, the expected increase was substantial. Positive expectations persisted in April 2021 but were with about 20 euro noticeably lower than in March 2021, when respondents expected an increase in income of about 100 euro.
The Deutsche Bundesbank conducts regular surveys of households’ expectations for unemployment, economic growth, rent prices, real estate prices, and interest rates on savings and loans. These data are used to calculate index figures, from which corresponding trends can be easily derived.
What is inflation? How is it measured? What role is played by inflation expectations? Why is the Deutsche Bundesbank interested in changes in uncertainty regarding inflation? The text and video featured on the following pages provide more information on these and similar questions.