The Bundesbank is making its Central Office in Frankfurt am Main fit for the future. The Bundesbank launched an ideas competition for the design of the future campus back in 2018, inviting submissions from architects across Europe. Its Executive Board chose the design pitched by Frankfurt-based architecture firm Ferdinand Heide Architekten.

Financial repression is intended to help the government deleverage over time, for example following crises, by artificially lowering the yield on government bonds. However, its impact on the deb-to-GDP ratio also depends on how it affects the economy as a whole, as financial repression also influences private investment and saving decisions. In view of these macroeconomic interrelationships, financial repression can lead to a net rise in the government debt-to-GDP ratio. A new study suggests that this is what happened in the United States following the Second World War.

Central banks ought to incorporate climate scenarios into their economic models and forecasting methods, said Executive Board member Sabine Mauderer following the publication of new NGFS reports.

Das Notfallankaufprogramm des Eurosystems (PEPP) sollte zeitlich begrenzt und klar an die Krise gebunden sein.

Bundesbankpräsident Jens Weidmann rechnet - im Vergleich zum scharfen Einbruch – mit einer langsamen Erholung der Wirtschaft. „Wir erwarten, dass die Wirtschaftsaktivität erst Ende 2022 auf das Vorkrisenniveau zurückkehren wird“, sagte Weidmann bei einer Rede in Frankfurt am Main. Gleichwohl erwarte er, dass das Produktionspotenzial keinen größeren dauerhaften Schaden nehme. Dabei sei aber unterstellt, dass es Mitte des nächsten Jahres eine medizinische Lösung zur Bekämpfung der Pandemie gebe.