Stable money is a precious public good. It protects savers and income earners from the erosion of wealth while promoting growth and employment. The primary objective of monetary policy in the euro area is therefore to ensure price stability. The President of the Bundesbank is involved in making monetary policy decisions as a member of the Governing Council of the European Central Bank. The Bundesbank is charged with implementing these decisions in Germany.
Discussion Papers, Monthly Reports, Annual Reports, and many other publications can be found in the list of all publications.
The main refinancing operations, with a weekly frequency and a maturity of one week, are the most important monetary policy instrument used by the Eurosystem for money market management.
The main and longer-term refinancing operations are conducted in accordance with an indicative calendar published by the Eurosystem.
20.09.2018 | Dr Jens Weidmann
03.09.2018 | Dr Jens Weidmann
30.08.2018 | Dr Jens Weidmann
23.08.2018 | Dr Jens Weidmann
20.08.2018 | Dr Jens Weidmann
If you have any further questions regarding monetary policy instruments, please do not hesitate to contact us!