On 11 January 2022 the Bundesbank bid farewell to its current President, Jens Weidmann, and welcomed Joachim Nagel as the tenth President of the Bundesbank. The ceremony marking the change of office was streamed live on the Bundesbank’s website and on YouTube. Alongside Mr Nagel and his predecessor Weidmann, speakers included Bundesbank Vice President Claudia Buch, ECB President Christine Lagarde and Federal Finance Minister Christian Lindner. 

Asset purchases can be a monetary policy measure to raise the inflation rate to the desired level in a low interest rate environment. The following film explains how this works.

The German economy will experience a setback in the final quarter of 2021 and the first quarter of 2022 on account of the pandemic, but is set to pick up significant momentum again in spring of next year. “The upswing has been slightly delayed,” said Bundesbank President Jens Weidmann at the presentation of his institution’s current projections. According to these projections, gross domestic product will increase by 2.5% this year – less strongly than anticipated back in June – in light of the dip in growth. Over the next two years, calendar adjusted economic growth will then rebound to 4.2% and 3.2%, respectively. 

The Deutsche Bundesbank, together with 19 national central banks of the European System of Central Banks, the European Central Bank and the European Commission, complete EU-funded programme to support central banks and banking supervisory agencies in EU candidate countries and potential candidates from the Western Balkans.The aim of the programme was to further strengthen the institutional capacities of the final beneficiary institutions, notably by enhancing their analytical and policy tools and by transferring the best international and European standards into national practices.