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Monthly Report: Inflation rate likely to continue rising for the time being

25.10.2021

The annual inflation rate in Germany was 4.1% in September, and the Bundesbank expects prices to continue rising for the time being. “Overall, the inflation rate is likely to rise further at first, before gradually declining in the coming year,” the Bundesbank’s economists write in the current issue of the Monthly Report, explaining that statistical effects are one contributing factor. 

Monthly Report: Inflation rate likely to continue rising for the time being
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German banks tighten credit standards slightly

26.10.2021

German banks tightened their credit standards somewhat for loans to enterprises and loans to households for house purchase in the third quarter of 2021. At the same time, credit standards for consumer credit and other lending were eased marginally. These are the results of a quarterly survey of German banks on their lending activities. According to the survey, loan demand increased in all the surveyed loan categories, but fell significantly short of banks’ expectations in the previous quarter for loans to enterprises and consumer credit and other lending.

October results of the Bank Lending Survey (BLS) in Germany
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Bundesbank President Jens Weidmann to step down

20.10.2021

Bundesbank President Jens Weidmann will lay down his office for personal reasons at the end of the year. “I have come to the conclusion that, after more than ten years, now is a good time to embark upon a new chapter – for the Bundesbank, but also for me personally,” Mr Weidmann explained. He said he owed thanks to his colleagues on the Governing Council of the ECB under the leadership of Christine Lagarde for the open and constructive atmosphere in the - at times - difficult discussions conducted over the past years.

Statement by Bundesbank President Dr Jens Weidmann
Jens Weidmann
Monetary policy has only a slight impact on Bitcoin prices

08.10.2021

The Eurosystem’s monetary policy has only a relatively minor impact on the prices of Bitcoin and other crypto tokens. This is the conclusion reached by Bundesbank experts in the September edition of the Monthly Report, which states that “monetary policy impulses explain only a fraction of the volatile price developments”. At first glance, the high rates of growth seen by crypto tokens appear to be attributable to other factors.

Monetary policy has only a slight impact on Bitcoin prices
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