The German economy will experience a setback in the final quarter of 2021 and the first quarter of 2022 on account of the pandemic, but is set to pick up significant momentum again in spring of next year. “The upswing has been slightly delayed,” said Bundesbank President Jens Weidmann at the presentation of his institution’s current projections. According to these projections, gross domestic product will increase by 2.5% this year – less strongly than anticipated back in June – in light of the dip in growth. Over the next two years, calendar adjusted economic growth will then rebound to 4.2% and 3.2%, respectively.

At a celebratory event to mark the 60th anniversary of the Bundesbank, Executive Board member Andreas Dombret highlighted the German central bank's regional ties. Malu Dreyer, the Prime Minister of Rhineland-Palatinate, was among the guests at the Bundesbank's Regional Office in Mainz.

The Central Bank Council of the Bank deutscher Länder and its successor authority, the Bundesbank, was almost exclusively a men’s-only club: from 1948 until it was replaced by the Executive Board in the aftermath of the structural reform in 2002, only one woman – Julia Dingwort-Nusseck – managed to become a member of this body. On this Wednesday, 6 October 2021, she celebrates her 100th birthday in Hamburg. She is the oldest ever former member of the Central Bank Council.

The Deutsche Bundesbank was founded on 1 August 1957. For sixty years it has ensured a stable currency. In 2017, the Bundesbank is commemorating this anniversary with a variety of public events.

31.05.2021: Stellungnahme zu der mit der Reform des Europäischen Stabilitätsmechanismus (ESM) in Verbindung stehendenden Gesetzentwürfen anlässlich der öffentlichen Anhörung des Haushaltsausschusses des Deutschen Bundestages am 31. Mai 2021

Germany’s small and medium-sized banks and savings banks are well-capitalised for the most part, according to the results of the LSI stress test and a joint BaFin-Bundesbank survey. Credit institutions’ profitability was low, however, and an economic downturn would add to the pressure on their earnings position, Joachim Wuermeling and Raimund Röseler explained at a joint press conference, though the interest rate reversal may provide some relief for institutions in the medium term, they added. 

Die kleinen und mittelgroßen Banken und Sparkassen in Deutschland sind überwiegend gut kapitalisiert. Das haben der LSI-Stresstest und eine Umfrage von BaFin und Bundesbank ergeben. Die Rentabilität der Kreditinstitute sei allerdings gering und ein wirtschaftlicher Abschwung würde zusätzlichen Druck auf die Ertragslage ausüben, erläuterten Joachim Wuermeling und Raimund Röseler in einem gemeinsamen Pressegespräch. Die Zinswende könne aber mittelfristig zu Entlastungen der Institute führen.