Archive of topic posts
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© OeNBWeidmann: ECB Governing Council needs experience and independent thinkers
Bundesbank President Jens Weidmann paid tribute to the outgoing Governor of Austria’s central bank, Ewald Nowotny. In a speech held in Vienna, Mr Weidmann said that “what the Governing Council needs is experience and independence of judgement, and that is something Ewald Nowotny has always supplied in abundance.”
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© chungking / FotoliaGermany’s net external position sees significant rise in 2018
01.10.2019 DE
Germany’s external assets grew again in 2018, standing at €2,073 billion at the end of the year. This represents an increase of €281 billion on the year.
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© Verena MüllerPatricia Staab succeeds Bernhard Sibold
27.09.2019 DE
Patricia Staab will assume her post as the new President of the Bundesbank’s Regional Office in Baden-Württemberg with effect from 1 October 2019. She will succeed Bernhard Sibold, who will be retiring after a 39-year career at the Bundesbank. At a handover ceremony in Stuttgart, she was congratulated by Bundesbank President Jens Weidmann, who took the opportunity to address the current decision by the Governing Council of the ECB.
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© Frank RumpenhorstWeidmann: Germans’ inflation expectations are well anchored
26.09.2019 DE
Bundesbank President Jens Weidmann has described the inflation expectations of German consumers as “well anchored”. This was demonstrated by the initial findings of a pilot study conducted by the Bundesbank, which Mr Weidmann presented at a conference. François Villeroy de Galhau, Governor of the Banque de France, welcomed the new Bundesbank study, as he believed that reliable data on inflation expectations in the euro area had thus far been scarce.
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© Guy Vanderelst / Getty ImagesProfitability of German banks deteriorates
25.09.2019 DE
The profitability of German credit institutions deteriorated in 2018, as the Bundesbank’s Monthly Report reveals in an analysis of the annual accounts of German banks. Profit for the financial year fell significantly compared to the previous year, down by 31% to €18.9 billion.
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© dpaMonthly Report: Economy off to sluggish start in Q3
The German economy got the third quarter off to a sluggish start. “
This was due primarily to export-oriented industry, where the downturn continued,
” according to the current issue of the Bundesbank’s Monthly Report. -
© Frank RumpenhorstWeidmann: ECB Governing Council has gone too far
Bundesbank President Jens Weidmann says that the ECB Governing Council has gone too far with its comprehensive package of monetary policy easing. “All I can say is that I will do what I can to ensure that interest rate increases are not put off for any longer than necessary,” he pledged in an interview with Germany’s “BILD-Zeitung” newspaper.
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© Norman Kriese / ECBMonetary policy decisions of the ECB Governing Council
12.09.2019 DE
At the meeting on 12 september the Governing Council of the ECB decided to decrease the interest rate on the deposit facility by 10 basis points to -0.50 percent. Net purchases will be restarted under the Governing Council’s asset purchase programme at a monthly pace of €20 billion as from 1 November.
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© Nils ThiesNext round of Euro20+ coming up
12.09.2019 DE
In January, 200 youths discussed the future of Europe at Euro20+. On 15 and 16 November, the Bundesbank will once again invite 200 motivated young people to come together to address topics such as the future of Europe, digitalisation, economic challenges and running a sustainable economy.
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© Frank RumpenhorstBundesbank launches an architectural design competition for the new campus
09.09.2019 DE
The Bundesbank has tendered an architectural design competition for the implementation of the Bundesbank’s new campus in Frankfurt am Main. The City of Frankfurt am Main and the central bank have agreed that the urban planning concept developed by the firm “Ferdinand Heide Architekten” is permissible under current planning and construction law.