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New Bundesbank projection: German economy slowly picking up again

The outlook for the German economy has become brighter again following the slowdown towards the end of 2012. For the current and coming year the Deutsche Bundesbank expects the economy to develop cautiously.

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Sabine Lautenschläger während einer Rede beim Bundesbank Symposium

We need to preserve and build on what has already been achieved

In her opening speech at the Bundesbank symposium on 28 May 2013 in Frankfurt, Sabine Lautenschläger took stock of the regulatory measures and highlighted areas where there was room for additional improvement.

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Photo from the German-French-Evening on 23.05.2013 in Paris (c) Robert Kluba

France and Germany in agreement on the "European model"

Despite disagreeing on the details, these large European neighbours enjoy a basic consensus on the European model. In a speech in Paris, Bundesbank President Jens Weidmann made clear that the two countries share many very similar views.

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Dr. Jens Weidmann

"It's worth fighting for"

In an interview with the French magazine Le Point, Bundesbank President Jens Weidmann rejects the idea of dividing the euro area: "The euro is our common currency, and it’s worth fighting for the stability of this currency. I regard this as the task of the Bundesbank and also my own task."

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Liniendiagramm

Sound public finances key to a stable currency

According to Bundesbank President Jens Weidmann, sustainable public finances are a necessary precondition for a stable currency. At a conference in Paris, he stated: “Monetary policy in itself cannot create this precondition”.

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Foto zeigt Dr. Andreas Dombret im Gespräch

"Anything but a petty crime"

In an interview with the Handelsblatt newspaper, Bundesbank Executive Board member Andreas Dombret discusses the manipulation of reference rates and possible alternatives to the current benchmarks. “Obviously, it would be best in the long run to establish several robust reference rates which are based as far as possible on actual transactions”.

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Foto zeigt die neue 5 Euro-Banknote

The new €5 banknote has arrived

The Deutsche Bundesbank issues €5 banknotes of the second euro banknote series, thus bringing the first denomination of the new “Europa” series into circulation in Germany.

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Cover der Publikation "International central banking courses 2013"

Central Banking Courses 2013

The new seminar brochure presents all of the international central banking courses on offer together with the required organisational information and the respective registration forms.

Open file 2012-10-31 | 9 MB, PDF

 

Additional information

Views and Insights

Interest rates

Deposit facility 0,00 %
Main refinancing 0,50 %
Marginal lending        1,00 %
Basic rate of interest-0,13 %

Effective from 2013-05-08
(except of Basic rate of interest)

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