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Robust recovery in the German economy

19.07.2021

German economic activity likely grew strongly in the second quarter, largely offsetting the severe setback it suffered in the first quarter, the Bundesbank writes in its current Monthly Report. The services sector in particular contributed to the considerable recovery. Inflation is likely to rise as the year progresses.

Robust recovery in the German economy
Beer garden with guests
Monthly Report: Digital risks on the rise in the banking sector

20.07.2021

The digital transformation is increasingly putting German banks to the test. As this unfolds, it is important to not lose sight of security, particularly with banks becoming a growing target for professional hackers, the Bundesbank’s economists write in the latest issue of the Monthly Report. They warn that technology alone is not enough to stay ahead of digital risks.

Monthly Report: Digital risks on the rise in the banking sector
A man works in an IT data centre
Eurosystem launches digital euro project

14.07.2021

The Governing Council of the European Central Bank (ECB) has decided today to launch the investigation phase of a digital euro project. Following the decision, the President of the Eurogroup Paschal Donohoe joined the meeting, congratulated the Governing Council and expressed his full support for the project.

Eurosystem launches digital euro project
Digital Euro
Weidmann: New strategy will help monetary policy maintain price stability

09.07.2021

Bundesbank President Jens Weidmann believes the new strategy will help monetary policy maintain price stability for the people of the euro area. “A medium-term inflation rate of 2% is a clear and easily understandable objective. We are not striving for either lower or higher rates. That was important to me,” was how Mr Weidmann assessed the outcome of the strategy review.

Weidmann: New strategy will help monetary policy maintain price stability
Jens Weidmann
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