Archive of topic posts
In the following list you find chronologically listed articles.
Use the search filter to narrow the period, to choose one main topic or to search the full text.
-
© Tim Wegner / VG Bildkunst, Bonn 2022Bundesbank signs Diversity Charter
26.07.2022 DE
The Bundesbank has joined 25 national central banks and supervisory authorities as well as the ECB in signing the ESCB and SSM Equality, Diversity and Inclusion Charter (Diversity Charter). “
I am committed to advancing diversity and an open-minded working culture at the Bundesbank. By signing the ESCB & SSM Equality, Diversity & Inclusion Charter, the Bundesbank is doubling down on its promise to embrace the power of being different
,” said Bundesbank President Joachim Nagel on the occasion of the publication of the Charter by the ECB at the end of July. -
© Adobe StockConsumer sentiment in Germany drops to record low
22.07.2022 DE
In its Monthly Report, the Bundesbank writes that the German economy is likely to have pretty much stagnated in the second quarter of 2022. Although the elimination of most coronavirus mitigation measures lent a strong boost to service providers, which had previously been constrained, the high inflation was a drag on households’ purchasing power and consumer sentiment deteriorated sharply. The report adds that supply bottlenecks and high uncertainty about future economic developments also weighed on industry.
-
© v_sot / Adobe StockMonthly Report: Wealth inequality in Germany has decreased slightly, but remains high
The Bundesbank’s experts have created a new provisional dataset that can be used to examine wealth and debt developments at the level of individual households in Germany in a timely manner at quarterly intervals. According to this dataset, wealth inequality decreased slightly between 2009 and 2021, but remains high overall. The analysis presented in the current Monthly Report also shows that the rate of return on total assets varies considerably between individual households.
-
© Nils ThiesFewer counterfeit banknotes in circulation
22.07.2022 DE
In the first half of 2022, around 19,800 counterfeit euro banknotes with a nominal value of just under €1 million were withdrawn from circulation in Germany. The number of counterfeits fell by 3.9% compared with the second half of 2021.
-
© Sebastian WidmannReinhold Vollbracht succeeds Franz-Josef Benedikt
Franz-Josef Benedikt steps down as President of the Bundesbank’s Regional Office in Bavaria and is succeeded by Reinhold Vollbracht, who previously headed a strategic office in the Directorate General Banking and Financial Supervision. Mr Benedikt retires at the end of July after serving in various positions during a 36-year career at the Bundesbank.
-
© Nils ThiesNagel: “Change of location” art exhibition opens up new perspectives
08.07.2022 DE
The exhibition “Change of location” at the Museum Giersch of Goethe University Frankfurt (MGGU) has been officially opened by Bundesbank President Joachim Nagel. “This is the first time that we are showcasing such a representative and extensive array of pieces from our collection outside the Bundesbank,” he said, speaking in Frankfurt. Nagel went on to explain that the title “Change of location” is to be interpreted not just in the spatial sense: “It also opens up fresh perspectives,” he pointed out. The exhibition will run until 8 January 2023.
-
How can we finance the ecological transformation?
05.07.2022 DE
The fourth event in the “Designing climate policies” series saw experts from academia, politics and public institutions discuss how the ecological transformation can be financed. Bundesbank Vice-President Claudia Buch kicked off the event, which the Bundesbank organised jointly with the Center for Liberal Modernity and the Potsdam Institute for Climate Impact Research.
-
© Frank RumpenhorstNagel: Unusual monetary policy measures justified only in exceptional situations
04.07.2022 DE
Bundesbank President Joachim Nagel has cautioned against using monetary policy instruments to limit risk premia. “
Unusual monetary policy measures to combat fragmentation can be justified only in exceptional circumstances and under narrowly-defined conditions,”
he said at the Frankfurt Euro Finance Summit. -
© picture alliance / Rolf HaidBIS Annual Economic Report: High inflation calls for swift and decisive response from central banks
27.06.2022 DE
Writing in its latest Annual Economic Report, the Bank for International Settlements (BIS) has warned that the global economy risks entering a new era of high inflation. “The key for central banks is to act quickly and decisively before inflation becomes entrenched,” says Agustín Carstens, General Manager of the BIS.
-
© Frank RumpenhorstNagel: Central banks must not respond with too little, too late
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.