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Bundesbank increases risk provisioning


The Bundesbank is not distributing a profit to the Federal Government for 2020 – for the first time since 1979. The main reason was the greater level of risk provisioning, Bundesbank President Jens Weidmann explained at the press conference to present the annual accounts in Frankfurt am Main. In the previous year, the Bundesbank distributed a profit of €5.9 billion. On the whole, the emergency monetary policy measures taken in response to the coronavirus pandemic are having a noticeable impact on the Bundesbank’s balance sheet. 

Bundesbank increases risk provisioning
Bundesbank President Jens Weidmann at the virtual press conference on the 2020 Annual Report
Monthly Report: Consumer prices rising more strongly than expected


Consumer prices in Germany were up sharply at the start of the year, partly because households’ consumption behaviour has changed in certain areas during the coronavirus pandemic, as shown by an analysis in the current issue of the Monthly Report.

Monthly Report: Consumer prices rising more strongly than expected
Man in the interior of an airplane
Economic recovery stalled at end of year


The economic recovery in Germany was brought to a standstill in the final quarter of 2020, the Bundesbank writes in its latest Monthly Report, stating that this was due to resurgent infection rates and the tightening of containment measures. Economic activity was consequently still almost 4% down on the pre-crisis level of the fourth quarter of 2019.

Economic recovery stalled at end of year
Cargo ship in a container port
Central bank digital currencies – the future of money?


According to Bundesbank Executive Board member Burkhard Balz, the digital economy will change the payment landscape quite significantly. Therefore, it is the responsibility of the cen-tral bank to create trust in its currency and to ensure that payments remain competitive and safe. “We also have to ensure that central bank money will be offered in a way that is compatible with the digital economy,” he said in a speech.

Central bank digital currencies – the future of money?
Burkhard Balz
Jens Weidmann during an interview
Weidmann: Governments do not know best when it comes to running a business
Joachim Wuermeling
Joachim Wuermeling: Frankfurt has potential to become EU’s anchor financial centre
The current figure – €6.25 percent
Urban house price growth in Germany unabated
Bundesbank presents open-air exhibition
Bundesbank presents open-air exhibition in Hamburg
Bundesbank President Jens Weidmann and Executive Board member Johannes Beermann are presenting the Bundesbank’s Annual Report 2018
Bundesbank without profit in 2020
Bargeld Schein Übergabe
More counterfeit €10 and €20 banknotes in circulation
Image of the video on the Household Inflation Expectation Survey
What are households expecting?
Euro reference rate of the ECB to the US dollar
Interest rates
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