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.

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.