In the summer of 2024, the Bundesbank’s Representative Office in New York underwent a staff overhaul, with three out of four positions newly filled. Meet the new team and learn more about their exciting tasks and backgrounds.

On 1 July 1990, the Deutsche Mark was introduced in what was then still the German Democratic Republic (GDR). Exactly 31 years later, civil rights advocates Freya Klier and Richard Schröder, economist Reint Gropp and Bundesbank Executive Board member Johannes Beermann came together in a panel discussion to look back on that turning point and developments up to now.

Speaking at this year’s European Banking Congress, Bundesbank President Joachim Nagel repeated his call for a further increase in key interest rates. “To ensure the return to price stability, long-term nominal and real interest rates must sufficiently increase,” he said. Fellow Congress speakers Christine Lagarde, European Central Bank President, and Klaas Knot, ECB Governing Council member, also argued in favour of raising interest rates.