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Dr. Sabine Herrmann Leiterin des Zentralbereichs Personal
No English translation available
Leiterin des Zentralbereichs Personal
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Alexander Schwarz Senior Advisor for Financial Stability
Profile Alexander Schwarz
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Christoph Stute Senior Advisor for Controlling, Organisation, Procurement and Internal Audit
Profile Christoph Stute
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2018 – Subtropical climate zone €5 collectors' coin with an orange polymer ring
The €5 collectors' coin with an orange plastic ring was issued in April 2018. It was minted on behalf of the German government and is the second in a five-part series, “Climate zones of the Earth” (2017-21).
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Sonja Juko Senior Advisor for Monetary Policy and Financial Markets
Profile Sonja Juko
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Veranstaltung „Konjunkturperspektiven 2021“ diesmal virtuell
No English translation available
Wie reagiert die Wirtschaft in Deutschland und Europa auf die Corona-Krise? – Diese Frage stand am 23. Oktober 2020 im Mittelpunkt der Veranstaltung.
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2020 – Brandenburg
As part of the “Federal States” series, the German government has decided to mint a €2 commemorative coin “Brandenburg” (featuring Sanssouci Palace). It will be issued on 28 January 2020.
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State government finances in good shape in 2021 and 2022
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The budgets of the state governments and their local governments shaped up very well in the second year of the coronavirus pandemic,
” the Bundesbank writes in its Monthly Report. According to the publication, they recorded an overall surplus of €5 billion in 2021. Despite the favourable state of their finances, state governments made use of emergency borrowing totalling €18 billion under their respective debt brakes. Based on the Bundesbank’s calculations, a large part of these funds was used to top up reserves. It appears that budgetary developments will be favourable this year, too. The Bundesbank sees no need for further emergency borrowing. The positive financial situation will allow state governments to play a part in tackling the energy crisis. -
Bonitätsanalyse in der Hauptverwaltung in Bremen, Niedersachsen und Sachsen-Anhalt
No English translation available
Interessierten Unternehmen bietet die Bundesbank auch unabhängig von der refinanzierungsbezogenen Bonitätsprüfung eine detaillierte Bilanzanalyse an.
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Monthly Report: First double-digit German inflation rate in 70 years – economy probably on brink of recession
DE FR
According to the Bundesbank's latest Monthly Report, the first double-digit inflation rate in 70 years and a high degree of uncertainty about energy supply and its costs are weighing significantly on the German economy. In the forthcoming final quarter of 2022 and first quarter of 2023, economic output could therefore fall considerably and Germany be on the brink of a recession. However, the extent of this decline is extremely uncertain, according to the report.
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Reopening Federal bond issue – Auction result
216 KB, PDF
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Auction announcement – Reopening of five-year Federal notes (Bundesobligationen – “Bobls”) series 192 by auction
201 KB, PDF
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Staying the Course: How Central Bank Independence Guides Us Through Uncertainty Speech at the Foreign Policy Association
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Bundesbank: Loss for the year more than halved – balance sheet is sound
05.03.2026 DE
At a press conference today, Bundesbank President Joachim Nagel and First Deputy Governor Sabine Mauderer presented the Bundesbank’s Annual Report for 2025. The loss for the year declined further in 2025, as expected. In view of a significant improvement in profitability, the Bundesbank reported a loss for the year of €8.6 billion, Mr Nagel explained.
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6-months Bills of the European Stability Mechanism (ESM) - Auction result
216 KB, PDF
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Tägliche Rendite der börsennotierten Bundeswertpapiere
101 KB, PDF
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Reopening of two Green Federal securities – Auction result
220 KB, PDF
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Bundesbank President Nagel receives the Foreign Policy Association Medal
21.10.2025 DE
Two areas which may at first seem like two distinct worlds – foreign policy and central banking – are, in fact, bound by a shared mission: the pursuit of stability and international cooperation,
Bundesbank President Joachim Nagel said in New York, where he received a particularly prestigious award: the Foreign Policy Association (FPA) Medal. The FPA awarded this medal in recognition of Mr Nagel’s commitment to responsible international cooperation. -
Invitation to bid by auction – Reopening 7-year Federal bond
201 KB, PDF
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Auction result – Federal Treasury discount paper (Bubills)
217 KB, PDF