The German economy is struggling to emerge from stagnation. GDP is likely to increase again in 2024, but the economic momentum will remain low. The strong growth in real disposable income will boost private consumption. However, the increases in interest rates continue to weigh on construction...

Wholesale prices for gas and electricity have fallen significantly in recent months - even though they are still at a high level. In addition, the burdens on private households and companies caused by high energy costs are to be cushioned by so-called price brakes. Overall, inflation in 2023...

The German economy is stuck in stagnation. There are no signs of a significant economic recovery. Instead, there are increasing signs that the economic weakness is primarily structural rather than cyclical, which means there is little room for improvement in economic activity in the short term....

In Reaktion auf die Finanzkrise hat das Eurosystem seine Geldpolitik massiv gelockert. So hat die Europäische Zentralbank (EZB) nicht nur den maßgeblichen Leitzins deutlich gesenkt, sondern auch mit außergewöhnlichen liquiditätspolitischen Maßnahmen den Geschäftsbanken unbegrenzt...

At the press conference following the ECB Governing Council meeting of 3 December 2015, the President of the ECB Mario Draghi reiterated the readiness of the ECB to adopt, if necessary, additional measures - in terms of size, composition and duration of the of the asset purchase programme EAPP -...

At the press conference following the ECB Governing Council meeting of 3 December 2015, the President of the ECB Mario Draghi reiterated the readiness of the ECB to adopt, if necessary, additional measures - in terms of size, composition and duration of the of the asset purchase programme EAPP -...

The notes in this compilation review the main features (size, structure, etc.) of sovereign bond markets in euro area Member States and discuss, in the relation to expanded asset purchase programme (EAPP) of the ECB, the financial risks the Eurosystem is potentially taking on its balance sheet...

The notes in this compilation review the main features (size, structure, etc.) of sovereign bond markets in euro area Member States and discuss, in the relation to expanded asset purchase programme (EAPP) of the ECB, the financial risks the Eurosystem is potentially taking on its balance sheet...

Climate change and monetary policy are becoming increasingly intertwined. The relationship between climate risk and inflation is non-trivial, presenting the ECB with a number of trade-offs in its monetary policy operations. Lately, the ECB has stepped up its efforts to embed climate change...