The Bundesbank’s TARGET2 balance has been growing again significantly since March. It exceeded the €1 trillion mark in July. This renewed increase over the past few months can largely be put down to the expansion of the Eurosystem’s purchase programmes in response to the COVID-19 pandemic.

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.

Die Europäischen Zentralbank (EZB) veröffentlicht heute im Rahmen des öffentlichen Konsultationsverfahrens einen Verordnungsentwurf zu den Überwachungsanforderungen für systemisch relevante Zahlungsverkehrssysteme.

Prof. Dr. Axel A. Weber, President of the Deutsche Bundesbank, Mais Lecture, Cass Business School

Professor Axel A Weber, President of the Deutsche Bundesbank, Speech held at the British Chamber of Commerce in Germany

The October 2017 Monthly Report analyses emerging market economies’ global liquidity, foreign reserves and exchange rates and contains an article on developments in the natural interest rate. In addition, the Supervisory Review and Evaluation Process for smaller institutions and proportionality considerations are described, and the initial results of the new money market statistics as well as the new insurance statistics are presented.

Prof. Dr. Axel A. Weber, President of the Deutsche Bundesbank, Dinner speech given at 964th Wilton Park Conference

Professor Dr. Hermann Remsperger, Mitglied des Vorstands der Deutschen Bundesbank, Bank of Finland

Bundesbank President Jens Weidmann has been awarded the International Prize of the Hayek Foundation. The award was mainly in recognition of Mr Weidmann's commitment to stability-oriented monetary policymaking by central banks and his opposition to excessive government debt.