The international liquidity position or net reserves increased by $ billion to $ billion over the same period. During the 2010 calendar year, the Bank purchased $ billion for foreignexchange reserves accumulation, while approximately $ billion was purchased during the first three months of 2011. Going forward, the Bank will continue to work closely with National Treasury to continue building reserves.
[10] The recent slowdown in mortgage lending is likely due to higher interest rates and banks being more cautious in the current environment, and therefore a natural market response. Of course, good policy evaluation requires good data. As part of its statutory mandate, the Bundesbank compiles monetary, financial, and foreign trade statistics.