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Photo shows Dr. Andreas Dombret

"Reform fatigue would be a huge risk"

Bundesbank Executive Board Member Andreas Dombret believes a waning appetite for reform is one of the biggest threats to financial stability. In an interview with Bloomberg TV, he said that anyone who believes everything will stay as it is is "making a big mistake".


Arbeiter mit Werkzeug

Economic outlook deteriorates

According to the Bundesbank’s assessment in its August Monthly Report, the outlook for the German economy has deteriorated, though its underlying tendency remains positive. This deterioration is, not least, a result of the geopolitical tensions caused by the Ukraine conflict, which are depressing business sentiment.


Zimmer im Rohbau

German economy losing momentum

The German economy contracted slightly in the second quarter. Gross domestic product dropped by 0.2% quarter-on-quarter. According to the Bundesbank, the decline is, not least, a countermovement to the first quarter, which was marked by favourable weather conditions. For the first time the results are based on new EU-wide standards for national accounting.


Interview with Dr Jens Weidmann by Markus Gürne

"Negative interest rates are nothing new"

Bundesbank President Jens Weidmann has defended the ECB's expansionary monetary policy in an interview with Hessischer Rundfunk, emphasising that the crucial point was to ensure that such a phase did not continue for longer than was needed. It now fell to politicians to make their national economies more competitive again and to consolidate public budgets, said Weidmann.


Foto zeigt Kreditwesengesetz mit Stempel

Southern Europeans find it harder to get loans

A new Bundesbank study finds that it is significantly more difficult for bank customers to take out loans in the southern euro-area countries than in the euro-area core. The study shows that young people, the poorly qualified, divorced, self-employed or unemployed, and large households, in particular, have problems accessing loans in southern Europe.


Skyline einer Stadt

Credit institutions under the microscope: towards the banking union

The European Single Supervisory Mechanism will commence its work at the beginning of November. Prior to this, banks are being put to the acid test in a comprehensive health check. During this “comprehensive assessment”, credit institutions have to prove the soundness of their balance sheets as well as their resilience in the face of deteriorating business conditions.


Dr Jens Weidmann

President Weidmann puts the Bundesbank's position in the wage debate into perspective

"We do not interfere in wage negotiations." With these words, Bundesbank President Jens Weidmann responded to media reports to the effect that the Bundesbank had called on German wage-bargaining partners to conclude higher wage agreements. In an interview with the Frankfurter Allgemeine Zeitung, Mr Weidmann emphasised the importance of wage agreements for price stability.


People and monitors

Swiss franc and US dollar are "safe haven" currencies

According to Bundesbank findings, exchange rates react in different ways to financial market crises. While no crisis-specific behaviour can be found for the euro, the Swiss franc, US dollar and yen clearly react to heightened tensions on the financial markets. In its July Monthly Report, the Bundesbank shows that exchange rate reactions have various causes.


picture shows a magnetic resonance imaging / Getty Images

Rising costs put pressure on health insurance institutions

In an article in the July Monthly Report, Bundesbank economists warn that an ageing population and the rising costs of new medical treatment will put pressure on Germany’s 134 statutory health insurance institutions. The economists emphasise that insurees should be prepared for rising contributions, adding that it is the task of legislators “to keep cost pressures in the healthcare system in check”.



Slowdown in economic growth in Germany

In the Bundesbank's estimation, the economic upsurge distinctly lost momentum in the first two months of the spring quarter. As explained in the July Monthly Report, Bundesbank economists are expecting real GDP to remain at the previous quarter's level in the second quarter.


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