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 Dr. Jens Weidmann

"Purchase of government bonds harbours risks"

Bundesbank President Jens Weidmann is critical of the ECB Governing Council's recent decision to purchase government bonds. He does not consider such a programme necessary at present, and sees a risk that the purchases might reduce the pressure on crisis countries to reform. He said that the specific structure would mitigate at least some of the problems that government bond purchases entail.

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Photo shows Andreas Dombret © Haus & Grund Deutschland

"Growing likelihood of price bubbles"

Bundesbank Executive Board member Andreas Dombret currently sees no signs of a real estate price bubble in Germany. However, high liquidity levels and low interest rates make a bubble more likely, warned Dombret at a speech in Berlin.

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Dr. Joachim Nagel

"A haircut would not be a solution"

Bundesbank Executive Board member Joachim Nagel has warned of "fatal consequences" for the Greek financial system if the country's assistance programme were to be discontinued. Greece will continue to be reliant on assistance, also in the future, Mr Nagel told the Handelsblatt newspaper. He does not believe that a haircut would bring about a lasting improvement for the country.

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Dr Andreas Dombret © Frank Rumpenhorst / Bundesbank

"There will have to be a lot of acclimatisation at first"

Andreas Dombret, member of the Bundesbank's Executive Board, is calling for the off-site supervision of banks and regulatory decisions to be separated from one another in the medium term. In an interview with the German business daily Börsen-Zeitung, Dombret discusses cooperation in the new Single Supervisory Mechanism, ending the preferential treatment of government bonds and the consequences of the recent monetary policy easing for the banking sector.

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Euro banknotes

Rise in the number of counterfeit banknotes detected by the Bundesbank

The number of counterfeits recorded by the Bundesbank has risen by 63% on the year. Bundesbank Executive Board member Carl-Ludwig Thiele says that the incidence of counterfeits in Germany is still low on the whole, however. The €50 note is a particular favourite among counterfeiters.

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Euro Exhibition in Osnabrück © Hermann Pentermann / Bundesbank

Euro exhibition in the City of Peace now open

A ceremony in Osnabrück marked the opening of an exhibition entitled "The new face of the euro". New banknotes of the second series, also known as the "Europa" series, will be amongst those taking centre stage in the Cultural History Museum until 3 May.

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Jens Weidmann at the New Year reception of the Chambers of Industry and Commerce in Ulm and Oberschwaben-Bodensee © Rolf Schultes / IHK

"Soundness must not take a back seat to flexibility"

Bundesbank President Jens Weidmann has warned that the budgetary rules in the euro-area countries should not be interpreted too flexibly. Speaking at an event in Biberach, Mr Weidmann said that sound budgets were a key prerequisite for the stability of the single currency, for which every member state was responsible.

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Carl-Ludwig Thiele

We shouldn't be telling people what means of payment to use

Bundesbank Executive Board member Carl-Ludwig Thiele does not believe that cash is being crowded out by other payment systems. In an interview with the German economic journal, "Capital", he talks about German consumers' payment habits and the future of cash.

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Bundesbank - Gold bars

Transfers of gold are on schedule

The Bundesbank stepped up its transfers of gold in 2014, shifting a total of 120 tonnes of gold from storage locations abroad to Frankfurt am Main. As noted by Executive Board member Carl-Ludwig Thiele, "Implementation of our new gold storage plan is proceeding smoothly". Under this plan, half of Germany's gold reserves are scheduled to be stored in Frankfurt am Main by 2020.

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industry

Signs of an economic improvement

The Bundesbank sees signs of a more rapid upturn in economic activity in Germany than widely expected. In its latest Monthly Report, the Bundesbank cites the positive consumer climate as well as favourable developments in industrial orders and output as factors underpinning this. The economists expect the dramatic fall in crude oil prices to have a marked effect on growth.

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Bundesbank Zentrale

Executive Board decides on new allocation of responsibilities

The Bundesbank's Executive Board has reshuffled its areas of responsibility. The new Executive Board member is Johannes Beermann. Mr Beermann will be taking over responsibility for the Human Resources and Administration and Premises Department as well as for the Procurement Centre from his predecessor Rudolf Böhmler, who has now retired.

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Technical Central Bank Cooperation

International Central Banking Courses 2015

The Centre for Technical Central Bank Cooperation will be offering a range of international central banking courses in 2015 as well. Please use the online application to apply. An overview of these courses you can find here.

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Additional information

Financial Stability Review: The press conference  

Bundesbank Deputy Governor Claudia Buch and Executive Board member Andreas Dombret present the 2014 Financial Stability Review to the press.

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Financial Stability Review: The press conference