Navigation and service

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.


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.


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.



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.


Pictures of a commemoration ceremony for Karl Otto Pöhl © Uwe Nölke / Bundesbank

Bundesbank commemorates Karl Otto Pöhl

The Bundesbank has marked the passing of its former President Karl Otto Pöhl in a commemorative ceremony. "Today we mourn the passing of an outstanding figure in the world of central banking who was instrumental in paving the way for European monetary union," said Bundesbank President Jens Weidmann at a commemorative ceremony in Frankfurt am Main. Karl Otto Pöhl passed away on 9 December 2014 at the age of 85.


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.


 Dr. Jens Weidmann in einem Interview © Jens Braune del Angel

Communicating policy more clearly

Bundesbank President Jens Weidmann is optimistic about 2015. "Provided there are no major political crises, I see no reason for doom and gloom", he commented in an interview with the Sunday edition of the Frankfurter Allgemeine Zeitung (FAZ). In light of the growing influence of euro-critical groups, he commented that it was necessary for policy makers to get their message across more clearly and recognise that "Not all problems can be solved at the touch of a button."


Absolute rate

Basic rate of interest reduced

Beginning on 1 January 2015, the basic rate of interest amounts to -0.83%. Since 1 July 2014, it has fallen by 0.10 percentage points. The basic rate of interest serves as a basis for calculating interest according to the German Civil Code. 


 Dr. Jens Weidmann in einem Interview

"Government bond purchases are not a silver bullet"

Bundesbank President Jens Weidmann has warned against false expectations surrounding the government bond purchases that are currently under discussion, explaining that the impact they would have was both rather modest and uncertain. Speaking in front of around 70 members of the International Club of Frankfurt Economic Journalists, he stated that he did not see any clear need for such a move at present, either.


Skyline Frankfurt am Main

Compromise reached over resolution fund

The financing arrangement for the Single Resolution Fund has now been agreed upon, bringing a period of protracted negotiations to a close. This move means that another key pillar of the banking union is about to be put in place.


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

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.



Interest rates  

Current dates  


Additional information

Financial Stability Review: The press conference