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Jens Weidmann giving an interview

Weidmann: "Align action and liability more closely in the euro area"

In a speech in Rome Bundesbank President Jens Weidmann pointed out that, in order to permanently stabilise the euro area, action and liability again must be aligned. This principle should apply not only to banks, but also for policy decisions in the euro area.


Governing council of the ECB

Corporate sector purchase programme to launch in June

The European Central Bank has published technical details on the corporate sector purchase programme. Starting in June, six Eurosystem central banks, including the Deutsche Bundesbank, will execute the CSPP.


Market stall with vegetables

Bundesbank discussion paper explores inflation expectations in the euro area

Low inflation rates defined the euro-area economy in the past two years. A recently published discussion paper by the Bundesbank's Research Centre investigates whether this has had any impact on important long-term inflation expectations.


Stacked barrels of oil

Energy prices decisive for inflation

Inflation in Germany has fluctuated strongly in the past eight years. The Bundesbank's economists have now examined the extent to which the Phillips curve model explains recent price developments. Import and energy prices have turned out to be particularly decisive.


Carl-Ludwig Thiele

The dawn of the digital age

Board Member Thiele explained in Hachenburg that the new digital age was posing challenges to the banking industry, with innovative payment options and many new banking and payment service providers capturing the market outside established cashless means of payment.


A car mechanic at work

Robust growth in the German economy

According to the Bundesbank's latest Monthly Report, growth in the German economy in the first quarter of 2016 was characterised, in particular, by domestic factors such as consumption and construction, whereas exports generated little stimulus.


Jens Weidmann in the foyer of the Bundesbank Central Office

Bundesbank President Weidmann stresses central bank independence

Bundesbank President Jens Weidmann has stressed the European Central Bank’s independence. In an interview with the Financial Times, Weidmann pointed out that the debate in Germany was too narrow and was not focusing enough on the broader macroeconomic consequences of current monetary policy.


€5 collectors' coin 'Planet Earth' featuring a blue ring

Strong demand for €5 collector coin

The Federal Ministry of Finance has started issuing the €5 "Planet Earth" collector coin as of 14 April 2016. The new collector coin has met with such strong demand that it is already out of stock at many Bundesbank branches.


Cash payment with a 20-euro banknote at a market

Understanding inflation

Consumer prices have hardly increased and have even fallen at times of late. A key reason for this is the strong decline in the oil price, making fuel and heating distinctly cheaper for consumers. For monetary policy makers, this is a clear sign to look at inflation more closely.


Photo shows of the boardroom Governing council of the ECB © Robert Metsch / ECB

Monthly Report: The role of ANFA in implementing monetary policy

The Agreement on Net Financial Assets (ANFA) regulates the leeway that the euro-area central banks have for operations conducted on their own responsibility and liability.


A page of the Monthly Report of the Deutsche Bundesbank

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