relief for banks from deposit rate charge would be more than offset by the cost of slower normalisation

improving banking profitability is a challenge for the industry

German growth dip proving to be more persistent than initially thought

0.5 pct growth in Germany this year seems very plausible

Germany likely posted solid Q1 growth but this was helped by one offs, like mild weather

despite solid Q1, there is still no overall improvement in economy

low borrowing costs, rising wages, more supportive fiscal policy suggest that growth wil pick up later this year