Navigation and service

Jens Weidmann giving an interview

"We are not omnipotent"

Bundesbank President Jens Weidmann has expressed concern about the increasing politicization of central banks. "This gives rise to the danger that too much is being asked of central banks," Mr Weidmann told the Handelsblatt newspaper. "The more we are seen to be bending our rules and playing a political role, the harder it becomes to stick to our mandate," he explained.


Flags of the European Union in front of the Berlaymont in Brussels

Bundesbank welcomes the creation of a Capital Markets Union

The Bundesbank supports the European Commission's initiative to build a European Capital Markets Union (CMU). In a statement the Bundesbank said that closer integration of the European Union's capital markets could make the European financial system both more growth-friendly and shock-resistant.


A page of the Monthly Report of the Deutsche Bundesbank

Bundesbank: treatment of fiscal rules is a cause for concern

The Bundesbank believes that the European Commission's most recent actions weaken Europe's fiscal rules. Owing to numerous exceptions, frequent changes and the increasing complexity of the rules, it is now "barely possible" to apply them consistently, the Bundesbank argues in the current edition of its Monthly Report. It sees the weakening of the binding effect of the rules and of the incentives to ensure sound public finances in the euro area as a cause for concern.


Cash payment with a 50-euro banknote in a department store

May issue of the Monthly Report: private consumption driving the German economy

The Bundesbank is expecting continued distinct economic growth in the coming months. According to the current issue of the Monthly Report, private consumption is the key driver of this growth. In the industrial sector, however, the Bundesbank's economists expect a more sluggish economic development.


Dr Andreas Dombret © Horst Rumpenhorst / Bundesbank

“Each individual bank has to hold its own in a competitive environment”

On 4 November 2014, the European Central Bank (ECB) assumed responsibility for supervising the most significant banks in the euro area. For Germany’s smaller banks the primary points of contact will remain the Bundesbank and BaFin. However, Bundesbank Executive Board member Andreas Dombret said that not only the big banks, but also smaller institutions, will have to face the challenges presented by the market and the Single Supervisory Mechanism’s guidelines for banks in Europe.


Alexandre Lamfalussy

Bundesbank mourns the passing of Alexandre Lamfalussy

Alexandre Lamfalussy, one of the founding fathers of the euro, passed away on 9 May at the age of 86. Bundesbank President Jens Weidmann praised him as one of the important pioneers of European monetary union.


International Monetary Fund (IMF)

IMF: Germany should strengthen the foundations of economic success

The International Monetary Fund (IMF) expects Germany’s upswing to continue in 2015, according to the preliminary conclusions of the “Article IV consultations” for Germany. Growth is being supported mainly by private consumption, according to the Fund. The IMF’s economists recommend that Germany use the favourable cyclical position in order to accomplish important policy objectives.


Jens Weidmann during a speech

"Sustainable growth cannot be built on a mountain of debt"

Bundesbank President Jens Weidmann has warned of the risks and side-effects of the Eurosystem's extremely expansionary monetary policy. Among other things, it significantly weakened the disciplining of fiscal policy by the financial markets, he said at an event in Essen.


Portrait photo of Andreas Dombret

"Phase of low interest rates will stick around for some time yet"

German banks need to make their business less reliant on interest rates, Bundesbank Executive Board member Andreas Dombret says, suggesting that innovative ideas were one way of achieving that goal. Credit institutions would also benefit from gearing their business models more towards fee and commission income, he said in an interview with the German business weekly Wirtschaftswoche.


Spring meetings of IMF and the World Bank 2015

Weidmann: do not artificially weaken German competitiveness

Speaking on the sidelines of the Spring Meetings of the International Monetary Fund and the World Bank, Bundesbank President Jens Weidmann voiced his opposition to proposals for economic policy measures to counteract German current account surpluses. It would be “absurd”, Weidmann said, to discuss measures aimed at artificially weakening German competitiveness.


Skyline Frankfurt am Main

Dombret draws positive conclusion after six months of Single Supervisory Mechanism

Six months on from the launch of Europe´s Single Supervisory Mechanism (SSM), Bundesbank Executive Board member Andreas Dombret is upbeat about what has been accomplished so far. "European banking supervision makes it possible for banks throughout the euro area to be supervised according to the same high standards," he said at a conference in Frankfurt am Main, adding that harmonising national supervisory practices for small banks as well remains a challenge.



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

iTunes App Store
Google Play

The German gold reserves  

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  

Current dates