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Bundesbank Monthly Report – July 2025
From publikationen.bundesbank.de
The July 2025 Monthly Report examines the reasons behind the multi-year decline in German export market shares. It also examines collateral management in the euro area since the introduction of the Eurosystem Collateral Management System (ECMS). Another article looks at the key results of the latest monetary policy strategy review. Lapsing anticipatory effects contributed to the fact that seasonally adjusted real gross domestic product (GDP) probably stagnated in the second quarter. In anticipation of higher tariffs, Germany’s industrial output and exports had risen significantly in the first quarter. In the second ... (full story)
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