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Invitation to bid for five-year Federal notes (“Bobls”)
121 KB, PDF
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Neue Uhrzeiten für geldpolitische Beschlüsse und Pressekonferenz der EZB
89 KB, PDF
EZB gibt ihre geldpolitischen Beschlüsse ab dem 21. Juli 2022 um 14:15 Uhr MEZ bekannt. Pressekonferenz der EZB beginnt künftig um 14:45 Uhr MEZ.
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Stagflation redux can be prevented with smart policy Guest contribution by Joachim Nagel on www.politico.eu
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Nagel: Central banks must not respond with too little, too late
24.06.2022 DE FR
Bundesbank President Joachim Nagel has warned that central banks must not respond to the current high inflation rates with too little, too late. “
If monetary policy falls behind the curve, even stronger hikes in interest rates could become necessary to get inflation under contro
l,” he said at the Joint Spring Conference co-hosted by the Bundesbank and the Banque de France in Eltville am Rhein. “This would create much higher economic costs
,” he cautioned. -
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Beschlüsse des EZB-Rats (ohne Zinsbeschlüsse) Juni 2022
137 KB, PDF
Am 19. Mai 2022 billigte der EZB-Rat den Bericht über die internationale Rolle des Euro und genehmigte die Veröffentlichung des Dokuments auf der Website der EZB. Der Bericht enthält einen Überblick darüber, wie sich die Verwendung des Euro durch Ansässige außerhalb des Euroraums im Jahr 2021 entwickelt hat.
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Monthly Report: How pension reforms might work
20.06.2022 DE
Demographic developments will put the finances of the pension insurance scheme under pressure in future. The Bundesbank’s experts present long-term simulations on this topic in the current Monthly Report. These simulations illustrate how the government plans to achieve a permanently stable replacement rate of 48% would affect the pension contribution rate and the federal budget. They also show the effects of two reform options on the replacement rate, the contribution rate and the federal budget. Both options are international standard practice. One ties pensions in payment to inflation, whilst the other links the retirement age to rising life expectancy.
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Announcement – Federal Treasury discount paper (Bubills)
143 KB, PDF
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Zeitenwende, Energiewende, Zinswende: Aktuelle Herausforderungen für die Wirtschaft und Finanzmärkte Rede bei der 77. Bankwirtschaftliche Tagung des BVR