Bundesbank President Jens Weidmann warns against asking too much of monetary policy, saying in an interview with various European newspapers that the European Central Bank can't solve every problem.

Der Rat der Europäischen Zentralbank (EZB) hat beschlossen, einen unbesicherten Euro-Tagesgeldsatz auf Grundlage der dem Eurosystem bereits zur Verfügung stehenden Daten zu entwickeln. Der Zinssatz, der bis zum Jahr 2020 vorliegen soll, wäre eine Ergänzung bereits vorhandener, vom Privatsektor erstellter Referenzzinsätze und würde als Backstop-Zinssatz dienen.

“The Eurosystem should consider only purchasing securities or accepting them as collateral for monetary policy purposes if their issuers meet certain climate-related reporting obligations,” said Mr Weidmann in a speech given at the European Banking Congress in Frankfurt am Main. 

An improved net result of financial operations, write-downs and risk provisioning caused a slight increase in the Bundesbank's profit in 2015. At the same time, the Bundesbank's net interest income was lower than at any time since monetary union was launched.

Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, Welcome address at the reception for the outgoing Deputy Head of the Representative Office of the Deutsche Bundesbank in New York

Germany’s financial ties with the rest of the world intensified further in 2011, partly due to the crisis. However, growth in cross-border positions was significantly weaker than one year previously.

"The profit is lower than in the previous year mainly because of the decline in interest income," Bundesbank President Jens Weidmann explained at the Bundesbank’s annual press conference.