Deutsche Bundesbank

Jens Weidmann giving an interview

Independent agency should monitor budgetary rules in future

Bundesbank President Jens Weidmann has called on policy makers to make a clear policy decision between requiring greater individual national responsibility under the current Maastricht framework and taking the step towards political union. In a guest article for the German weekly news magazine "Focus", he warns of the negative effects of an overly tentative approach to deepening integration. "Instead of political union, baby steps can unwittingly take us into a no-man's-land of unclear responsibilities," he writes. Mr Weidmann goes on to advocate establishing an independent agency which would be tasked with overseeing compliance with budgetary rules in future.

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Joachim Nagel

"Financial markets are not one-way streets"

Bundesbank Executive Board member Joachim Nagel sees the fall in stock prices in China as a necessary adjustment brought about by a slowdown in economic growth. He does not believe that current developments signify a looming global financial crisis. "China's economy is strong enough to withstand an emergency, should financial market stability as a whole become jeopardised," said Dr Nagel in an interview with the German business daily Börsen-Zeitung.

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Experienced engineer teaching an apprentice

Bundesbank: growth in the German economy could continue

Following a period of fairly robust growth in the German economy in the first two quarters of 2015, the Bundesbank's economists expect gross domestic product to continue its positive development in the second half of the year. Growth in the second quarter was chiefly due to buoyant exports.

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Claudia M. Buch during a conversation

Buch: Granting Greece explicit debt relief would breach no-bailout principle

Bundesbank Deputy President Claudia Buch says a Greek haircut would be difficult because much of the country's government debt was already held by the public sector. Granting explicit debt relief would breach the no-bailout principle, which prohibited one euro-area member state from assuming the debts of another, she said in an interview with the Börsen-Zeitung.

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Regional Office in Baden-Württemberg

Bundesbank: An important partner at your side

Whether supplying cash to the economy, being actively involved in banking supervision or giving talks to the general public under the rubric of economic education, the Bundesbank is on hand as a service provider, supervisor and information provider at approximately 40 locations throughout Germany.

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A boat in front of the Skyline of Hong Kong

Monthly Report: structural problems holding back growth of emerging market economies

The emerging market economies have grown significantly over the past 20 years, increasingly becoming the engine fuelling global growth. Recently, however, economic momentum in China, Russia and other countries has tailed off considerably. In the July Monthly Report, the Bundesbank's economists look into the drivers behind this development.

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Andreas Dombret in front of an artwork

Dombret: no shared liability for bank deposits

Bundesbank Executive Board member Andreas Dombret has spoken out against quickly creating a joint deposit protection scheme. "In the absence of a joint euro-area fiscal policy, there should not be any shared liability for protecting bank deposits," he stated in an interview with the news magazine Focus.

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Jens Weidmann during his speech at the Börsentag 2015 © Börsen-Zeitung

"A single monetary policy requires integrated financial markets"

Bundesbank President Jens Weidmann has called for the greater integration of European financial markets. Higher capital requirements for systemically important financial institutions, a functioning resolution mechanism, an end to the preferential regulatory treatment of sovereign debt and the removal of regulatory and tax barriers for capital markets - particularly for equity capital markets - are key prerequisites for this, he said.

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Trading floor of the Frankfurt Stock Market

Steep rise in households' financial assets

In the first quarter of 2015, households' financial assets rose exceptionally steeply, climbing by just under €140 billion, or 2.8%, on the quarter to a total of €5,212 billion. This is primarily attributable to holding gains on mutual fund shares and shares.

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Unsorted Euro banknotes

Rise in the number of counterfeit banknotes in Germany

The number of counterfeit euro banknotes seized by the Bundesbank in the first half of 2015 was up 31% on the second half of 2014. However, measured against the amount of cash in circulation in Germany, the incidence of counterfeits remained low, said Bundesbank Executive Board member Carl-Ludwig Thiele. Of all the denominations, €20 and €50 banknotes were counterfeited particularly frequently.

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Jens Weidmann during his relcome wemarks

Weidmann rejects increase in liquidity assistance for Greece

Bundesbank President Jens Weidmann has spoken out against increasing the liquidity assistance provided by the Eurosystem to Greece. If short-term assistance was thought to be necessary, it was up to politicians to provide it, he said at a Bundesbank conference in Frankfurt am Main. Greece needed to keep capital controls in place until an appropriate support package had been agreed by all parties and the solvency of both the Greek government and the Greek banking system had been ensured, said Mr Weidmann.

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Filmaufzeichnung während der Konferenz

Bundesbank hosted conference entitled "Turning points in history"

How have the tasks and practice of central banks been changed by crises? This question was discussed by participants at an international high-level Bundesbank conference in Frankfurt am Main on 9 July 2015. A debate between German Federal Finance Minister Wolfgang Schäuble and his French counterpart Michel Sapin was a highlight of the event. The conference will be available as webcast.

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 Andreas Dombret during his opening speech

"Rapid increase in cyber risks"

Bundesbank Executive Board member Andreas Dombret has asked German banks to step up their efforts in digitalising the industry. German banks should also be making greater investments in IT security in order to protect customer data, he said to an audience of around 700 representatives from banking supervision and the banking industry who attended the Bundesbank's 19th banking symposium in Frankfurt.

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Skyline Frankfurt am Main

German financial markets are robust

The German Financial Stability Committee (FSC) believes that the German financial system is sufficiently robust to withstand market reactions triggered by Greece. A press release just issued by the FSC states that German financial institutions had already largely reduced their exposure to Greece a while ago. In addition, the FSC issued a recommendation to the Federal Government to create additional instruments capable of preventing the German property market from potentially overheating.

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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.

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The graph shows a telephone with a warning

Since the beginning of august, members of the public have been receiving isolated telephone calls that are purportedly originating from the Deutsche Bundesbank’s official public hotline.

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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.

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