Private and public digital money will likely coexist in a future digital payment ecosystem, Executive Board Member Fritzi Köhler-Geib said during a fireside chat with Chiara Scotti, Deputy Governor of Banca d’Italia, at Villa Vigoni in Menaggio, Italy. The chat was part of a research workshop on payments and digital assets, jointly organised by Banca d’Italia and the Bundesbank.

At the ECB Forum in Sintra, Portugal, Bundesbank President Joachim Nagel spoke with CNBC about the challenges facing the euro area economy and the outlook for monetary policy.

In 2025, for the first time, people in Germany used cashless means of payment to pay for their day-to-day purchases more frequently than cash. According to the Bundesbank’s latest study on payment behaviour, 55 % of all recorded purchases were settled without cash in 2025. The trend towards cashless payments is continuing, explained Executive Board member Burkhard Balz at the presentation of the results.

According to the Bundesbank’s latest climate-related disclosures, the Bank further expanded its climate-related and nature-related work in 2025. This work includes analysing the financial system’s vulnerabilities to climate-related risks, for example. In its annual climate-related disclosures, the Bundesbank discloses the climate performance of its own financial investments. For the first time, the report analyses the financed greenhouse gas (GHG) emissions of commercial banks whose bonds the Bank holds in its euro portfolio.