Prof. Dr. Axel A. Weber, President of the Deutsche Bundesbank, Keynote speech at the XII Annual Inflation Targeting Seminar of the Banco Central do Brasil

According to Yves Mersch, member of the Executive Board of the European Central Bank, the Eurosystem's monetary policy is working. However, in remarks made before an audience of Bundesbank students, he warned that, at the same time, it was important to move away from the special situation created by the low interest rate environment as quickly as possible.

The Deutsche Bundesbank posted a profit of €2.95 billion for the 2014 financial year, compared with €4.59 billion in 2013. Speaking at the financial statements press conference in Frankfurt am Main, Bundesbank­ President Jens Weidmann mainly attributed the year-on-year decline in net profit to the further drop in interest income.

Bundesbank President Jens Weidmann has called on the euro-area countries to embrace fiscal prudence, arguing in a speech in Hamburg that the tighter the fiscal space, the more central banks will come under political pressure to stabilise economic activity in the short run – even if that does mean compromising on price stability.

Here you will find an overview of the most important documents and publications on the specifics of the monetary policy framework and how the Eurosystem implements monetary policy.