Federal President of Germany Frank-Walter Steinmeier has appointed Jens Weidmann President of the Bundesbank for another eight years, with effect from 1 May. At Schloss Bellevue in Berlin, the Federal President presented Mr Weidmann with the certificate of appointment for his second term of office. “I am very pleased that the Federal Government has placed its trust in me once more,” Mr Weidmann said. “I am delighted to be able to remain at the Bundesbank. Over the coming years, it will remain imperative that we bring our expertise to bear and work effectively to promote a stable single currency.”

Back at the end of February, the Federal Government decided to submit a proposal to the Federal President that Mr Weidmann be appointed for a second term. In March, the Bundesbank’s Executive Board was consulted, in accordance with the Bundesbank Act, before the proposal was presented to the Federal President. Having received the certificate of appointment, Mr Weidmann has now officially been confirmed President of the Bundesbank for another eight years.

Jens Weidmann, born in Solingen, Germany, on 20 April 1968, succeeded Axel Weber as President of the Bundesbank in May 2011. Previously, he had headed the Economic and Fiscal Policy Department at the Federal Chancellery from 2006 to 2011, also serving as the Federal Chancellor’s sherpa for the world economic summits of the G8 and G20 countries. Mr Weidmann had already worked at the Bundesbank from 2003 to 2006. During that stint, he was head of the Bundesbank’s Monetary Policy and Analysis Division and also deputised for the head of the Directorate General Economics.