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Jens Weidmann giving an interview

Banks receiving ELA should do their utmost to improve liquidity situation

Bundesbank President Jens Weidmann has criticised the continued provision of emergency liquidity assistance to Greek banks, which, he remarked, plainly raised serious monetary financing concerns. Respecting the euro area's core principles was indispensable for its success, however.


Logo of TARGET2-Securities

TARGET2-Securities successfully launched

The new European securities settlement service, TARGET2-Securities (T2S) was launched on four markets on 22 June 2015. This represents the first step towards establishing a centralised European platform for settling securities and comes roughly seven years after the official launch of the project in 2008. Once migration has concluded in February 2017, T2S will encompass a total of 21 markets across Europe.


Dr Jens Weidmann

"There is not all that much time left to reach an agreement"

According to Bundesbank President Jens Weidmann’s assessment, the existence of the euro is not tied to events in Greece. “Whatever the risks of a Greek sovereign default, we need to ensure that the foundations of the monetary union as a stability union are not eroded”, he said in an interview published in El Mundo, Les Echos und La Stampa.


Two workers in a car factory

June issue of Monthly Report published

In its latest Monthly Report, the Bundesbank presents a detailed outlook for the German economy in 2015 and 2016, which was already published at the beginning of June. Additional focus lies on new instruments for measuring inflation expectations as well as on marketable financial instruments of banks and their role as collateral in the Eurosystem.


Claudia M. Buch during a conversation

"We do not perceive a real estate price bubble"

Bundesbank Deputy President Claudia Buch considers the price exaggerations in the real estate market to be regionally contained. In an interview with the German daily newspaper Rheinische Post, she also discussed how the tightening of the capital requirements and establishment of the banking union have made the financial world safer seven years on from the Lehman collapse.


Andreas Dombret at his desk

"Global markets need global rules of conduct"

Manipulation of the Libor, cases of fraud in forex operations, breaches of money laundering laws. An entire industry has been brought into disrepute and confidence in the financial sector has been harmed. In a guest contribution published in the financial daily Handelsblatt Bundesbank Executive Board member Andreas Dombret demands a fundamental cultural change in the financial sector.


Panel discussion at the 2015 payments symposium

Abolishing cash will not solve problems of weak growth

Bundesbank President Jens Weidmann believes that abolishing cash is not the right means of stimulating the sluggish economy in some euro-area countries. At the Bundesbank’s payments symposium, Weidmann stated that the decisive factor was to address weak economic growth.


A page of the Monthly Report of the Deutsche Bundesbank

Comprehensive monitoring of inflation expectations

There are additional insights to be gained from going beyond established calculation variables and incorporating inflation options when analysing inflation expectations: so reads the Bundesbank’s recommendation in the June edition of its Monthly Report. Expectations regarding future inflation developments are of major importance to the credibility and effectiveness of a monetary policy with a clear focus on price stability.


Jim Yong Kim during his lecture

World Bank Group President: Access to finance pivotal to solving global problems 

According to World Bank Group President Jim Yong Kim, extreme poverty, the threat of pandemics and climate change are the greatest challenges facing the world. In a speech given at the Goethe University in Frankfurt, he stressed the crucial importance of finance as the key to success in solving these problems.


Group picture at the official handover in Singapore

New Bundesbank representative in Singapore

Bundesbank Executive Board member Andreas Dombret has paid a visit to Singapore to mark Min-Kyu Jang's appointment as the Bank's new representative in the country. In his speech, Mr Dombret talked about how close-knit the financial markets are, explaining that the Bundesbank was responding to this state of play in a number of ways, including seconding representatives to major financial centres around the world.



Expert Panel "Central bank transparency and monetary policy communication"

Call for papers: The Deutsche Bundesbank would like to encourage experts from central banks around the world to submit their application for the Expert Panel on 14-16 July in Frankfurt by sending us a presentation title and a short abstract. To promote lively discussions we are eager to invite people with similar level of experience in the respective area. Please follow the link to see the list of topics that are of particular relevance to the expert panel. Deadline for online submissions: 28 May 2015.


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.


Additional information

Video: The German gold reserves  

Bundesbank - Gold bars

The relocation of Germany's gold reserves is currently in full swing. In 2014, the Bundesbank transferred 120 tonnes of gold to Frankfurt am Main from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York.


German G7 Presidency  

Interest rates  

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