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Jens Weidmann giving an interview

Weidmann: "Align action and liability more closely in the euro area"

In a speech in Rome Bundesbank President Jens Weidmann pointed out that, in order to permanently stabilise the euro area, action and liability again must be aligned. This principle should apply not only to banks, but also for policy decisions in the euro area.

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500-Euro-Banknoten in einer Zählmaschine

Production and issuance of the €500 banknote will be discontinued

On 4 May the ECB Governing Council decided to no longer produce and issue the €500 banknote. The €500 note will remain legal tender and retain its value for an unlimited period of time.


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Stacked barrels of oil

Energy prices decisive for inflation

Inflation in Germany has fluctuated strongly in the past eight years. The Bundesbank's economists have now examined the extent to which the Phillips curve model explains recent price developments. Import and energy prices have turned out to be particularly decisive.

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Carl-Ludwig Thiele

The dawn of the digital age

Board Member Thiele explained in Hachenburg that the new digital age was posing challenges to the banking industry, with innovative payment options and many new banking and payment service providers capturing the market outside established cashless means of payment.

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Andreas Dombret

Blockchain can not substitute credit institutions

Banks remain essential despite Blockchain, Andreas Dombret explained in Handelsblatt. However this new technology could revolutionise not only IT infrastructures but also stock exchange trading or certain financial contracts.

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An employee in front of monitors in the trading room

Banks that trade securities grant fewer loans

New Edition of the Research Brief, newsletter issued by the Deutsche Bundesbank's Research Centre: In the United States and Europe, efforts are being made to limit banks' proprietary trading of securities.

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Skyline Frankfurt am Main

Firms obtaining credit more easily

According to the latest round of the Bank Lending Survey (BLS) for Germany and the euro area as a whole, in the first quarter of 2016 banks eased somewhat their credit standards for loans to enterprises in Germany and also in the euro area as a whole.

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Jens Weidmann in the foyer of the Bundesbank Central Office

Bundesbank President Weidmann stresses central bank independence

Bundesbank President Jens Weidmann has stressed the European Central Bank’s independence. In an interview with the Financial Times, Weidmann pointed out that the debate in Germany was too narrow and was not focusing enough on the broader macroeconomic consequences of current monetary policy.

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Governing council of the ECB

Corporate sector purchase programme to launch in June

The European Central Bank has published technical details on the corporate sector purchase programme. Starting in June, six Eurosystem central banks, including the Deutsche Bundesbank, will execute the CSPP.

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Christine Lagarde in Frankfurt

Lagarde: Coordinated efforts imperative for sustainable crisis resolution

On 5 April 2016 Christine Lagarde, Managing Director of the International Monetary Fund, held a lecture at the Goethe University in Frankfurt am Main. She called for a "three-pronged approach" to secure durable growth, with coordinated efforts in the areas of structural reforms as well as in fiscal and monetary policy.

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Skyline Frankfurt am Main

Number of credit institutions falls

Last year saw a continuation of the consolidation process in the German banking sector. Over the course of 2015, the number of credit institutions in Germany fell by 1.5% to 1,960 institutions.

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Andreas Dombret during a conversation

Dombret: Real-estate lending up sharply

In an interview with the German weekly news magazine Focus, Bundesbank Executive Board member Andreas Dombret noted that residential real estate prices had risen considerably in big cities and metropolitan areas over the past few years.

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€5 collectors' coin 'Planet Earth' featuring a blue ring

Strong demand for €5 collector coin

The Federal Ministry of Finance has started issuing the €5 "Planet Earth" collector coin as of 14 April 2016. The new collector coin has met with such strong demand that it is already out of stock at many Bundesbank branches.

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Cash payment with a 20-euro banknote at a market

Understanding inflation

Consumer prices have hardly increased and have even fallen at times of late. A key reason for this is the strong decline in the oil price, making fuel and heating distinctly cheaper for consumers. For monetary policy makers, this is a clear sign to look at inflation more closely.

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Photo shows of the boardroom Governing council of the ECB © Robert Metsch / ECB

Monthly Report: The role of ANFA in implementing monetary policy

The Agreement on Net Financial Assets (ANFA) regulates the leeway that the euro-area central banks have for operations conducted on their own responsibility and liability.

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Andreas Dombret

"What we need is less, and better finance"

Bundesbank Executive Board member Andreas Dombret sees the global economy stricken by two illnesses: stagnating growth and excessive levels of debt.

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Jens Weidmann

"Monetary policy has ventured deep into uncharted territory"

Bundesbank President Jens Weidmann takes a critical view of the ECB Governing Council's latest monetary policy easing.

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Jens Weidmann giving an interview

"Helicopter money would tear gaping holes in central bank balance sheets"

Bundesbank President Jens Weidmann has spoken out against the idea of central banks distributing money directly to the general public.

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Cover der Publikation International Central Banking Courses 2016

International Central Banking Courses 2016

The Centre for Technical Central Bank Cooperation will be offering more than 40 international central banking courses in 2016. Please use the online application to apply. An overview of the courses you can find here.

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Additional information

Newsletter: Research Centre  

Skyline Frankfurt am Main

Sign up now for the new "Research Brief" newsletter issued by the Deutsche Bundesbank's Research Centre, featuring a regular update on studies and discussion­ papers prepared by the Research Centre.

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Interest rates  

from 16.03.2016
Deposit facility
Main refinancing
Marginal lending

-0,40 %
 0,00 %
 0,25 %
Basic rate of interest-0,83 %

Current dates