Bundesbank President Jens Weidmann takes a dim view of the new US administration's economic policy signals. Speaking in Mainz, he said the shape and possible repercussions of future economic policy in the United States are sparking fresh uncertainty, calling accusations that Germany is engaged in currency manipulation "more than absurd".

Bundesbank President Jens Weidmann says the Eurosystem’s asset purchase programme should be discontinued this year if growth in consumer price inflation remains upbeat. Speaking to the German newspaper Frankfurter Allgemeine Zeitung, he said he is confident that the Eurosystem is on a path towards its target inflation rate of below, but close to, 2%.

Inflation in Germany has fluctuated strongly in the past eight years. The Bundesbank's economists have now examined the extent to which the Phillips curve model explains recent price developments. Import and energy prices have turned out to be particularly decisive.

Bundesbank President Jens Weidmann says that a uniform set of rules is needed to regulate financial technology start-ups. "It would be wrong for fintechs to base their business models on regulatory loopholes," he said at a conference during Germany's G20 presidency. Federal Finance Minister Dr Wolfgang Schäuble and Queen Máxima of the Netherlands highlighted the opportunities that digitalisation holds in store for developing countries.