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  • A forest with birch trees photographed from below ©smallredgirl / Fotolia
    © smallredgirl / Fotolia
    Green Finance

    Climate change poses huge challenges for the financial sector, too. The Bundesbank supports the transition to a low-carbon economy.

    Green Finance
    • Overview Bundesbank
    • Organisation
      • Overview Organisation
      • Executive Board
        • Overview Executive Board
        • Professor Joachim Nagel
        • Dr Sabine Mauderer
        • Burkhard Balz
        • Lutz Lienenkämper
        • Michael Theurer
        • Professor Fritzi Köhler-Geib
      • COO and Directorates
      • Compliance and legal regulations
      • GTC and legal basis
      • Mission Statement and Strategy of the Bundesbank
      • The Bundesbank: key figures
      • Directions
    • Regional Offices and branches
      • Overview Regional Offices and branches
      • Baden-Württemberg
        • Overview Baden-Württemberg
        • Branches
        • President
      • Bavaria
        • Overview Bavaria
        • Branches
        • President
      • Berlin and Brandenburg
        • Overview Berlin and Brandenburg
        • Branch
        • President
      • Bremen, Lower Saxony and Saxony-Anhalt
        • Overview Bremen, Lower Saxony and Saxony-Anhalt
        • Branches
        • President
      • Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein
        • Overview Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein
        • Branches
        • President
      • Hesse
        • Overview Hesse
        • Branch
        • President
      • North Rhine-Westphalia
        • Overview North Rhine-Westphalia
        • Branches
        • President
      • Rhineland-Palatinate and Saarland
        • Overview Rhineland-Palatinate and Saarland
        • Branches
        • President
      • Saxony and Thuringia
        • Overview Saxony and Thuringia
        • Branches
        • President
    • Research and Research Data
      • Overview Research and Research Data
      • Research Centre
        • Overview Research Centre
        • Research Professors, Research Council and Research Fellows
        • Research Areas and Programme
        • People
        • Research Brief
        • Discussion Papers
        • Refereed Publications
        • Seminars
        • Invited Speakers Series
      • Research Data and Service Centre
        • Overview Research Data and Service Centre
        • Research Data
        • Your research project at the RDSC
        • About the RDSC
        • INEXDA
        • Publications
      • Conferences
      • Research Visit and Internship
      • Panel on Household Finances (PHF)
        • Overview Panel on Household Finances (PHF)
        • About the PHF
        • Methodology
        • User-Documentation
        • Data access and data protection
        • Links and documents
      • Survey on Consumer Expectations (BOP‑HH)
      • Survey of firms (BOP-F)
    • Green Finance
    • Library and archives
      • Overview Library and archives
      • Library
      • Historical archive
    • Euro pavilion
    • Art
      • Overview Art
      • Paintings and works on paper
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      • Exhibitions & viewing times
        • Overview Exhibitions & viewing times
        • Archive
      • Publications
    • Numismatics
      • Overview Numismatics
      • Collection
      • Selected objects
      • Pictures archive
      • Publications
      • Exhibition
      • Numismatic library
      • Contact
    • Money Museum
      • Overview Money Museum
      • Visitor Information
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    • History
    • International Central Bank Dialogue
      • Overview International Central Bank Dialogue
      • About us
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        • Overview International Central Banking Courses
        • Application procedure
        • Past courses
      • Bilateral cooperation
      • EU-funded projects
      • Frequently asked questions
      • Representative network
      • Newsletter
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    • Eurosystem
  • Digital Euro ©European Central Bank
    © European Central Bank
    Digital euro

    Information on the project Digital Euro

    Digital euro
    • Overview Tasks
    • Monetary policy
      • Overview Monetary policy
      • Monetary policy decisions
      • Economic analyses
      • Monetary policy framework
      • Open market operations
        • Overview Open market operations
        • Outstanding open market operations
        • Tender calendar and system
        • Test Operational Readiness
        • Regular refinancing and fine-tuning operations
        • Foreign currency transactions
        • PSPP Auctions
      • Collateral
        • Overview Collateral
        • Eligibility criteria
        • Bundesbank's tasks
        • Credit assessment
        • Mobilisation of collateral
        • Counterparty information
        • Downloads
      • Outright transactions
        • Overview Outright transactions
        • Asset purchase programme (APP)
        • Pandemic emergency purchase programme (PEPP)
        • Securities lending under the APP and PEPP
        • Transmission Protection Instrument (TPI)
        • Outright Monetary Transactions (OMT)
        • Terminated programmes
      • Minimum reserves
        • Overview Minimum reserves
        • Legal basis
        • Interest rates and reserve ratios
      • Excess reserves
      • Standing facilities
      • Contact
    • Financial and monetary system
      • Overview Financial and monetary system
      • Financial and monetary stability
        • Overview Financial and monetary stability
        • Role of the Bundesbank
        • Terms and definitions
        • Macroprudential surveillance (G-FSC)
        • Residential Mortgages of private households
        • Risks and stability analysis
        • Macroprudential tools
        • Financial Stability Forum
      • International cooperation
        • Overview International cooperation
        • ESRB and FSC
        • EU committees
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        • BIS
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        • G20
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      • Financial Stability Review
    • Financial supervision
      • Overview Financial supervision
      • Objective
      • Bundesbank's role
        • Overview Bundesbank's role
        • Bundesbank and BaFin
        • Single Supervisory Mechanism
        • Operational tasks
          • Overview Operational tasks
          • Capital and liquidity adequacy
          • On-site inspections
        • EBA
        • Basel Committee on Banking Supervision
      • Legal basis
        • Overview Legal basis
        • EU legislation
        • National legal basis
        • Basel framework
      • Individual aspects
        • Overview Individual aspects
        • Supervision priorities
        • Fit and proper assessments, Authorisation procedure, Holder control
        • Own funds requirements
          • Overview Own funds requirements
          • Own funds
          • Credit risk
          • Market risk
          • Operational risk
          • CVA risk
        • Deposit protection
        • FinTech
        • Macroprudential measures
        • MiCAR – Markets in Crypto-Assets Regulation
        • Liquidity
          • Overview Liquidity
          • Supervisory reporting of institutions of the LCR
          • Supervisory reporting of institutions with regard to the net stable funding ratio
          • Additional monitoring metrics for liquidity reporting
          • Treatment of central bank reserves in the LCR
          • Regulation on the liquidity of institutions
        • Leverage Ratio
        • Lending business
        • Risk Management
          • Overview Risk Management
          • Prudential requirements for IT (BAIT)
          • ICAAP / ILAAP
          • MaRisk
          • Machine learning methods
          • Institutional remuneration
          • Interest rate risk
        • SREP
        • Financial services institutions
        • Disclosure
        • Payment institutions and e-money institutions
        • Recovery and resolution
        • Sustainable Finance
        • Expert panels
      • Documentation
    • Cash management
      • Overview Cash management
      • The Eurosystem cash strategy
      • Euro banknotes
        • Overview Euro banknotes
        • Research and Development
        • Main features
        • 5 Euro
        • 10 Euro
        • 20 Euro
        • 50 Euro
        • 100 Euro
        • 200 Euro
        • 500 Euro
      • Euro coins
        • Overview Euro coins
        • Regular coins
        • €2 commemorative coins
        • Collector coins
      • Foreign exchange, precious metal
      • DEM banknotes and DEM coins
      • Damaged money
      • Counterfeit money
        • Overview Counterfeit money
        • Counterfeit detection
        • Detectors
      • Cash services
        • Overview Cash services
        • Business clients
        • Non-business clients
        • Central banks
      • CashEDI
        • Overview CashEDI
        • General Information
          • Overview General Information
          • Data exchange
          • Scope of services WebEDI/Filetransfer
        • Downloads and video tutorials
        • Access to CashEDI
      • Cash recycling
        • Overview Cash recycling
        • Legal framework
        • Cash processing systems
      • Environmental sustainability
      • Reproduction regulations
      • Events
    • Payment systems
      • Overview Payment systems
      • Digital euro
        • Overview Digital euro
        • At a glance
        • State of Play
        • Frequently Asked Questions
      • TARGET
        • Overview TARGET
        • TARGET Services
        • Common components of TARGET Services
        • Legal framework
        • Committee work
        • Restricted service area
      • T2
      • TARGET2-Securities
      • TIPS
      • ECMS
      • Other collateral positions
      • PSD2
      • RPS
        • Overview RPS
        • SEPA-Clearer
          • Overview SEPA-Clearer
          • Participation
          • Fees and operating hours
          • SCL-Directory
        • National cheque processing
          • Overview National cheque processing
          • Participation
          • Fees and operating hours
      • Customer access mechanism
        • Overview Customer access mechanism
        • CAM-Individual
        • CAM-SEPA
        • CAM-Instant
        • CAM-IMPay
        • Operating hours
        • Communication
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      • Oversight
        • Overview Oversight
        • Business Continuity
      • TIBER-DE
      • Trigger Solution
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        • Overview Services
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        • Check-digit calculation
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        • Customer Test Centre
        • SEPA
        • Forms
      • Publications
        • Overview Publications
        • Analysis
        • amplus
    • Topics
  • Suche Icon
    SDMX Web Service

    The Bundesbank provides a new procedure for the automated download of statistical data sets. The web service offers an interface for programmatic access.

    SDMX Web Service
    Screenshot of Bundesbank subsite statistics
    New subsite for statistical data

    Discover the modernized design, intuitive navigation with advanced search options for direct access to time series and real-time data with compact time series information, and the new data basket. Try out the new database now.

    New subsite for statistical data
    • Overview Statistics
    • Banks and other financial corporations
      • Overview Banks and other financial corporations
      • Banks
        • Overview Banks
        • Balance sheet items
        • Banks' profit and loss accounts
        • External position of banks (MFIs)
        • Monetary aggregates
        • OTC derivatives
        • Triennial Central Bank Survey
      • Investment companies
      • Pension funds
      • Financial vehicle corporations
      • Insurance corporations
      • Payments statistics
    • Economic activity and prices
      • Overview Economic activity and prices
      • Output
      • Orders received and stock of orders
      • Turnover
      • Employment and labour market
      • Negotiated pay rates and labour costs
      • Harmonised consumer prices
      • National Producer and consumer prices
      • Foreign trade prices
      • Property prices and prices for construction work
      • Weekly activity index
    • Enterprises and households
    • Exchange rates
      • Overview Exchange rates
      • Exchange rates, euro foreign exchange reference rates, other rates
      • Effective exchange rates
    • External sector
      • Overview External sector
      • Balance of payments
      • International investment position and external debt
      • Trade in services
      • Direct investments
    • Macroeconomic accounting systems
      • Overview Macroeconomic accounting systems
      • National accounts
      • Financial accounts
      • Balance sheets
    • Money and capital markets
      • Overview Money and capital markets
      • Euro money market
      • Securities holdings
      • Securities issues
      • Interest rates and yields
        • Overview Interest rates and yields
        • Central bank interest rates
        • Money market rates
        • Yields on debt securities outstanding
        • Prices and yields of listed Federal securities
        • Term structure of interest rates
        • Discount interest rates
        • Interest rates on deposits and loans
        • Real interest rates on households' deposits
        • Expected real interest rates
    • Public finances
      • Overview Public finances
      • Maastricht deficit and debt level
      • Budgetary developments in Germany (national accounts)
      • Budgetary developments in Germany (public finance statistics)
    • Sets of indicators
      • Overview Sets of indicators
      • System of indicators for the German residential property market
      • System of indicators for the German commercial property market
      • Financial Soundness Indicators
      • SDDS Plus
      • Long time series
    • Sustainability
    • Time series databases
  • Cashless money transfer ©Maria Lungwitz
    © Maria Lungwitz
    Bank sort codes search

    Here you will find information on the bank sort code file and on the bank sort code update service. You can also download the bank sort code files.

    Bank sort codes search
    • Overview Service
    • Banking services for central banks
    • Banks and companies
      • Overview Banks and companies
      • Bund Bidding System (BBS)
        • Overview Bund Bidding System (BBS)
        • Documentation
        • Operating and support hours
        • Terms and conditions
        • Tests
      • Collateralmanagement Access Portal (CAP)
        • Overview Collateralmanagement Access Portal (CAP)
        • Operating and support hours
        • Terms and conditions
      • CERT-Bundesbank
      • Creditors meetings
      • ESM/EFSF Bidding System (EBS)
        • Overview ESM/EFSF Bidding System (EBS)
        • Documentation
        • Operating and support hours
        • Terms and conditions
      • Mobilisation and Administration of Credit Claims (MACCs)
        • Overview Mobilisation and Administration of Credit Claims (MACCs)
        • Customer information
        • Legal basis
        • Cross-border use of credit claims (ECMS)
        • Test environment
        • FAQs - Frequently asked questions
      • OpenMarket Tender Operation System (OMTOS)
        • Overview OpenMarket Tender Operation System (OMTOS)
        • General information
        • Contact
        • Operating and support hours
        • Documentation
        • Terms and conditions
        • Information for new customers
      • PKI - Public Key Infrastructures
        • Overview PKI - Public Key Infrastructures
        • Certificate Policies (CP) and Certification Practice Statements (CPS)
        • Explanatory notes on e-mail security
    • Dates
    • NExt
    • ExtraNet
    • Federal securities
      • Overview Federal securities
      • One-off issues
      • Issue terms
      • Issue calendar
      • Auction procedure
      • Prices and yields
      • Stripping
    • Financial sanctions
    • Newsletter
    • Reporting systems
      • Overview Reporting systems
      • External sector
        • Overview External sector
        • Amendments
        • Information on the reporting system
        • Reporting deadline
        • Electronical submission
          • Overview Electronical submission
          • Reporting number
          • NExt
          • General statistics reporting portal
          • XML file
        • FAQ and notices
        • Legal basis
        • Code lists
      • External sector forms centre
        • Overview External sector forms centre
        • Payment reports
        • Stock reports on external claims and liabilities
        • Stock reports on cross-border equity investments
      • Banking Supervision
        • Overview Banking Supervision
        • European reporting framework
        • National reporting
        • PRISMA: Refining and improving the supervisory reporting system
        • Formats (XBRL and XML)
      • Banking Supervision form centre
      • Banking statistics
        • Overview Banking statistics
        • Customer classification
        • ExtraNet / NExt
        • Legal basis
        • Revised ECB regulations
      • Banking statistics form centre
      • Financial Stability
        • Overview Financial Stability
        • Formats (XML)
        • Other legal basis
    • School service
      • Overview School service
      • Animation videos
      • Interactive features
      • Teaching materials
        • Overview Teaching materials
        • Graphics for teaching
  • Journalists at a press conference ©Frank Rumpenhorst
    © Frank Rumpenhorst
    Press

    In the press area, you will find press releases, speeches, guest contributions and interviews with Bundesbank Executive Board members as well as further press materials.

    Press
    • Overview Press
    • Press releases
      • Overview Press releases
      • Federal securities
      • EFSF/ESM
    • Speeches
    • Interviews
    • Contributions
    • Press materials
      • Overview Press materials
      • Pictures archive
      • Video footage
      • Logo
    • Press dates
    • Press contact
    • Calendar of the Executive Board
  • An open book next to a laptop ©Dieter Roosen
    © Dieter Roosen
    Studies

    This section contains Bundesbank studies and conference papers. It also includes publications resulting from the research activities of Bundesbank staff and visiting researchers.

    Studies
    • Overview Publications
    • Reports and studies
    • Research
    • Statistics
  • Three people talking ©Björn Hänssler
    © Björn Hänssler
    Employer Bundesbank

    Information on work with a special value

    Employer Bundesbank
    • Overview Career
    • Job offers
    • Employer Bundesbank
      • Overview Employer Bundesbank
      • Job stories
      • Diversity, Equity & Inclusion
    • Career opportunities
      • Overview Career opportunities
      • Work placements for university students
    • Working in Germany
    • Questions on the application
  • Contact
  • Glossary
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General Search

General Search

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Multiple search words are automatically linked with "AND". Text enclosed in quotation marks (") returns only the pages in which this text occurs exactly. With the search filters next to the results you have the possibility to further limit your search.

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  • Media centre
    Media centre

    All videos of the symposium can be found in the media centre.

  • Stand der Dinge
    Stand der Dinge

    Wie geht es weiter

  • Quote by Hans Tietmeyer

    "The real losers when money is weak or inflationary are always the poorest members of society." (1995)

  • Auf einen Blick
    Auf einen Blick

    Der digitale Euro auf einen Blick

  • Règles du jeu dans le système financier mondial
    Règles du jeu dans le système financier mondial

    Le gouverneur de la Reserve Bank of India, Raghuram Rajan, examine dans son discours la situation économique mondiale actuelle et explique des pistes envisageables pour procéder à des réformes de la réglementation financière mondiale. Une vidéo est disponible en langue anglaise.

  • Annual Report 2016
    Annual Report 2016

    1006 KB, PDF

  • Frohes neues Jahr!

    Wir möchten uns bei Ihnen sehr herzlich für Ihre Unterstützung und Ihr Vertrauen bedanken.

    Wir wünschen Ihnen und Ihren Familien ein gesundes, erfolgreiches und erfülltes Jahr 2025.

  • Happy New Year!

    We would like to give you our warmest thanks for your support and trust. 

    We wish you and your families a happy new year and hope that 2025 is healthy, successful and fulfilling for you all.

  • FAQ
    FAQ

    Häufig gestellte Fragen

  • Video
    Video

    "Ne pas ignorer les lois de l'économie" :
    Jens Weidmann tient un discours à un colloque académique à Munich à l'occasion des adieux de Hans-Werner Sinn, le président de l’institut ifo.

  • Mediathek
    Mediathek

    The videos of the event can be found in the media centre. 

  • Global Interdependence Center

    www.interdependence.org

  • Media library
    Media library

    All the relevant videos about Euro20+ can be viewed here

  • Survey: Payment behaviour in Germany 2017
    Survey: Payment behaviour in Germany 2017

    3 MB, PDF

  • Foundation stone laid for the new office building of the Executive Board on 10 November 1967

    Guests in the official gallery, from left to right: Mr Troeger (Bundesbank Deputy President), Mr Vocke (former President, Bank deutscher Länder), Mr Bernard (former President, Bank deutscher Länder), Mr Könneker (former Bundesbank Director) 

  • Finance Flash
  • Media centre
    Media centre

    All videos of the conference can be found in the media centre.

  • Statistical series
    Statistical series

    All later issues can be found under the title “Statistical Series”.

  • Speech in celebration of the change of office
    Speech in celebration of the change of office

    Dr Andreas Dombret: "Keeping in touch - News from Europe and from the European banking sector"

  • Triff uns vor Ort
    Triff uns vor Ort

    Wenn Du mehr über unsere Ausbildungs- und Studiengänge oder unsere Einstiegsprogramme erfahren möchtest, kannst Du uns auf einer der vielen regionalen Messen treffen. Dort kannst Du Dich über die Möglichkeiten für Deinen Karrierestart bei uns informieren.

  • Weiterentwicklung der MFI-Zinsstatistik
    Weiterentwicklung der MFI-Zinsstatistik

    Die Zinsstatistik der Monetären Finanzinstitute (MFI-Zinsstatistik) wurde überarbeitet. Die neuen Angaben der MFI-Zinsstatistik sowie die Berechnungen zur Realverzinsung sind ab sofort über die Zeitreihen-Datenbanken abrufbar.

  • Lectures at the Money Museum
    Lectures at the Money Museum

    Combine your visit to the money museum in Frankfurt am Main with a lecture.

  • Speeches and guest contributions by Executive Board members
    Speeches and guest contributions by Executive Board members

    Browse recent speeches and op-ed contributions on green finance by Bundesbank Executive Board members.

  • Bargeldsymposium 2018
    Bargeldsymposium 2018

    Wie auch bei den vergangenen Symposien treten hochrangige Vertreter aus Wirtschaft, Wissenschaft und dem öffentlichen Bereich auf. Herr Philipp Otto von der Zeitschrift für das gesamte Kreditwesen moderiert die Veranstaltung.

  • Diplôme HEC d'Honneur

    Bundesbankpräsident Jens Weidmann ist am 25. Februar von der angesehenen, französischen Business School HEC Paris mit dem Diplôme HEC d’Honneur geehrt worden. Diese Auszeichnung wird Persönlichkeiten verliehen, die sich auf einem speziellen Gebiet wie Politik, Ökonomie, Unternehmertum oder im Hinblick auf internationale Beziehungen in außergewöhnlicher Weise verdient gemacht haben. Das Ehrendiplom, das nicht in einem bestimmten Turnus sondern nur als besondere Würdigung in Ausnahmefällen gewährt wird, wurde in der Geschichte der HEC Paris lediglich elf Mal vergeben.

    Jens Weidmann steht als Preisträger des Diplôme HEC d’Honneur in einer Reihe mit zuvor ausgezeichneten Größen der Wirtschaft wie Bill Gates (Microsoft), Jeffrey Immelt (General Electric) und Sam Palmisano (IBM), begeisterten Europäern wie José Manuel Barroso und Romano Prodi, Staatmännern wie Mikhail Gorbachev, Aleksander Kwasniewski, Abdoulaye Wade und Valéry Giscard d’Estaing sowie den zwei renommierten, deutschen Kanzlern: Helmut Schmidt und Helmut Kohl.

    Bundesbankpräsident Weidmann sagte bei Entgegennahme des Ehrentitels: „Die Tatsache, dass ich bereits der dritte deutsche Staatsbürger bin, der das Diplôme erhält, ist Ausdruck der engen Beziehungen zwischen Frankreich und Deutschland.“

  • BLACK – RED – GOLD.  The digital special exhibition of the Numismatic Collection
    BLACK – RED – GOLD.  The digital special exhibition of the Numismatic Collection

    The Bundesbank is dedicating a virtual special exhibition to the topic of gold. Visitors experience an exciting journey through time with lots of interesting information about this special precious metal.

  • The European Money and Finance Forum

    in englischer Sprache

    www.suerf.org

  • Bildarchiv
    Bildarchiv

    Das deutlich größere Geldmuseum gibt Einblicke in die Themen Bargeld, Buchgeld, Geldpolitik und Geld global und präsentiert den Besuchern auch einen Goldbarren zum Anfassen.

  • Mediathek
    Mediathek

    Die Videos der Redebeiträge und der Podiumsdiskussion finden Sie in der Mediathek.

  • Videos
    Videos

    Videos von der Veranstaltung finden Sie in der Mediathek.

  • Subscribe to newsletter now
    Subscribe to newsletter now

    The Bundesbank publishes a newsletter providing information about updates to the financial accounts time series. You can subscribe via the following link.

  • Weitere Videobeiträge
    Weitere Videobeiträge

    Einige Vorträge vom Tag der offenen Tür 2017 können Sie sich in der Mediathek noch einmal anschauen.

  • Videos der Veranstaltung
    Videos der Veranstaltung

    Die Videos der Beiträge der Veranstaltung finden Sie in der Mediathek. 

  • Mediathek
    Mediathek

    Die Videos der Beiträge vom Zahlungsverkehrssymposium finden Sie in der Mediathek.

  • Geschäftsbericht 2016
    Geschäftsbericht 2016

    1021 KB, PDF

  • Mediathek
    Mediathek

    Hier finden Sie alle Videos zum Tag der offenen Tür.

  • Videos
    Videos

    The videos of the symposium can be found in the media centre. Please note that all speeches were held in German.

  • Mediathek
    Mediathek

    All videos of the event can be found in the media centre. 

  • Eröffnungsrede zur Ausstellung „Goethe.Auf.Geld.“
    Eröffnungsrede zur Ausstellung „Goethe.Auf.Geld.“

    Grußwort von Dr. h. c. Rudolf Böhmler, Mitglied des Vorstands der Deutschen Bundesbank

  • Die Chance, aufzuräumen
    Die Chance, aufzuräumen

    Bericht von Tag 2 des Symposiums "Finanzstabilität und die Rolle der Zentralbanken"

  • Videos und Reden
    Videos und Reden

    Hier finden Sie Videos und Reden des 3. Bargeldsymposiums

  • Contacts avec la presse
    Contacts avec la presse

    Vous trouvez ci-après les coordonnées des personnes de contact.

  • Reinhold Vollbracht
  • Rollenspiel Geldpolitik
    Rollenspiel Geldpolitik

    Das Rollenspiel zur Geldpolitik wurde überarbeitet und liegt nun in einer aktualisierten Version vor. Mit ihm können Schülerinnen und Schüler im Unterricht eine geldpolitische Entscheidung treffen und diese begründen.

  • Teilnahme an Euro20+ mit einem Meet Up zu Diversity
    Teilnahme an Euro20+ mit einem Meet Up zu Diversity

    Am 24. und 25. November hat die Bundesbank zum fünften Mal junge Menschen zwischen 18 und 30 Jahren zu der Veranstaltung Euro20plus eingeladen. In Frankfurt am Main diskutierten sie unter anderem mit EZB-Präsidentin Christine Lagarde und Bundesbankpräsident Joachim Nagel über zentrale wirtschaftspolitische und gesellschaftliche Fragen.

  • Die Vorteile von Diversität für Zentralbanken
    Die Vorteile von Diversität für Zentralbanken

    Anlässlich des „G7 Diversity, Equity and Inclusion Summit 2022“ spricht Joachim Nagel, Präsident der Deutschen Bundesbank, über die Vorteile von Diversität für Zentralbanken.

  • Erfahrungsberichte

    Das sagen Trainees.

  • Legislative texts on the Internet

    in German only

    Einlagensicherungsgesetz (EinSiG)

    Anlegerentschädigungsgesetz   (AnlEntG)

  • Bundesbank President Jens Weidmann also used his speech to comment on the decisions taken by the ECB Governing Council at its meeting of 3 December 2015
    Bundesbank President Jens Weidmann also used his speech to comment on the decisions taken by the ECB Governing Council at its meeting of 3 December 2015

    "I would like, if I may, to say a few words about today's decision by the ECB Governing Council. First things first: the Eurosystem staff macroeconomic projections presented today give no cause for concern over the development of the euro-area economy. In fact, they confirm my view that the steep drop in energy prices is supporting the recovery of the euro area's economy. The lower energy prices also go a long way towards explaining the evolution of consumer price inflation. While the depreciation of the euro in recent weeks was seen as a stimulating factor in the staff projections, it did not come solely as a result of the expected loosening of the Eurosystem's monetary policy stance. It is also an outcome of firmer expectations of a policy rate hike in the USA, for instance.

    It's clear that inflation as forecast by the Eurosystem staff will fall short of our price stability target not only in 2016 but probably into 2017 as well. That's not something we should simply brush aside. But given the predominant role which the drop in energy prices plays in euro-area inflation and the extensive monetary policy measures that have already been taken – which can entail risks and side-effects of their own – I personally did not see any case for a further easing of monetary conditions.  

    There have always been phases in which falling energy prices allow inflation to drop temporarily into negative territory. One such spell was in 1986-87, in the days of Karl Otto Pöhl, and monetary policymakers were wise to look through such short-lived shocks as long as there were no signs of second-round effects. And I see no such indications at present."

    Further information on the decisions can be found in the german contribution.

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