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Joachim Nagel: “At this stage I would have no objections if we were to continue to reduce our policy rates”
05.12.2024 DE
At a speech in Luxembourg, Bundesbank President Joachim Nagel touched on topics including the upcoming interest rate decision by the Governing Council of the ECB and the German economy, amongst other things. The German economy was also the topic of his recent interview with the Financial Times.
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German balance of payments in September 2024
Germany’s current account recorded a surplus of €22.6 billion in September 2024, up €5.5 billion on the previous month’s level. This was caused by the larger surplus in the goods account and especially by the shift to a surplus in invisible current transactions, which comprise services as well as primary and secondary income.
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Die Bedeutung der Forschung und der Zusammenarbeit mit der Wissenschaft für die Bundesbank Rede beim Neujahrsempfang des House of Finance
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Into the new: economic realities after the shockwaves Keynote at the OMFIF and DZ Bank breakfast discussion
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The Bundesbank’s Strategy
29.01.2025 DE
The strategy sets out in a binding manner how the Bundesbank intends to fulfil its mandate and forms the basis for its new steering model.
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Federal Statistical Office: German economy grows by 1.9% in 2022
16.01.2023 DE
The German economy grew last year despite inflation, the war in Ukraine and persistent supply problems. Price-adjusted gross domestic product (GDP) rose by 1.9%, according to initial calculations reported by the Federal Statistical Office. In calendar-adjusted terms, it found that economic growth amounted to 2.0%. “
In 2022, the overall economic situation in Germany was affected by the consequences of the war in Ukraine and the extremely high energy price increases,
” said Dr Ruth Brand, President of the Federal Statistical Office since 1 January 2023, at a press conference. -
German balance of payments in March 2023
Germany’s current account recorded a surplus of €32.4 billion in March 2023, up €9.9 billion on the previous month’s level. This was chiefly attributable to a larger goods account surplus. In addition, the surplus in invisible current transactions, which comprise services as well as primary and secondary income, rose.
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German balance of payments in October 2023
Germany’s current account recorded a surplus of €21.4 billion in October 2023, down €6.6 billion on the previous month’s level.
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Nagel: “We have to get our act together”
13.11.2024 DE
We could be on the verge of a global economic turning point,
Bundesbank President Joachim Nagel said in an interview with the weekly newspaper “Die Zeit”.In this situation, we need more Europe, not less.
Trump’s proposed trade tariffs could prove very painful for Germany. Should they be implemented, he said, we might even see negative economic growth next year. Mr Nagel considers European monetary policy to be on the right track.