So, we do not just manage our own gold en foreign exchange reserve assets, but also a part of the gold holdings in Frankfurt. Another example of the decentralised approach: should the Eurosystem decide to intervene in the foreign exchange markets, the dealing rooms of the national banks will also assist in the practical execution of the measures involved.
Sales of consumer durable goods—such as furniture, electronics, and appliances—declined in November, after surging since the spring. 19 The rise in cases in November and the associated social distancing resulted in a decline in already low services consumption, with sales at restaurants and bars falling by 4 percent, the largest drop since April.