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Making payments in 2020, the year of COVID-19: card-based and contactless payments trending

14.01.2021

Many citizens have been increasingly using cards to make payments during the coronavirus pandemic. “According to a representative Bundesbank survey in 2020, the importance of cashless payment methods, especially cards, in everyday expenditures has been growing considerably,” said Bundesbank Executive Board member Burkhard Balz at the unveiling of the results.

Making payments in 2020, the year of COVID-19: card-based and contactless payments trending
Touchless payment in a shop
German economy hit hard by coronavirus pandemic in 2020

14.01.2021

The year 2020 saw German economic output contract by 5.0%, with the drop in gross domestic product in a year overshadowed by COVID-19 bringing to an end a ten-year run of growth. This compares with a 0.6% rate of expansion in 2019.

German economy hit hard by coronavirus pandemic in 2020
Production line automotive industry
Rise in households’ financial assets

15.01.2021

The financial assets of households in Germany increased by €108 billion in the third quarter of 2020 and now amount to roughly €6.7 trillion. This rise was due to a high propensity to save and the positive developments on the capital markets towards the end of the period.

Rise in households’ financial assets
The current figure – €6.7 trillion financial assets
Household inflation expectations rise in December

13.01.2021

Households in Germany are expecting the rate of inflation to increase, according to findings from the Bundesbank Online Panel Households at the end of last year. Survey results from December 2020 indicate that individuals are expecting inflation to come to 3.1% on average over the next 12 months, which is the highest rate measured in 2020.

Household inflation expectations rise in December
Kassenbons
Jens Weidmann during an interview
“It would be counterproductive, economically speaking, to ease the restrictions too soon”
ePuzzler – reconstruction of damaged banknotes
Easier reconstruction of damaged banknotes using ePuzzler
Production of 20 euro banknotes
New coated €20 banknotes to be brought into circulation from 2021 onwards
Bundesbank presents open-air exhibition
Bundesbank presents open-air exhibition in Hanover
Image of the video on the Household Inflation Expectation Survey
What are households expecting?
Claudia Buch
Statement by Vice President Claudia Buch on the Financial Stability Review 2020
Drafts for the new Deutsche Bundesbank campus
Architectural competition for Project Campus
Euro reference rate of the ECB to the US dollar
Interest rates
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