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Prof. Dr Fritzi Köhler-Geib Member of the Executive Board of the Deutsche Bundesbank
Since November 2024
Member of the Executive Board of the Deutsche Bundesbank -
Base wages rose strongly in August. Special effects significantly dampened overall wage growth again.
Base wages rose sharply in August.
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Invitation to bid – Federal Treasury discount paper (Bubills)
228 KB, PDF
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Announcement of auction – 6-months Bills of the European Stability Mechanism (ESM)
189 KB, PDF
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Inflation expectations Survey on Consumer Expectations
10.10.2025 DE
The inflation expectations of individuals in Germany for the next 12 months remained unchanged in September at 3.0 %. In response to a qualitative question on inflation developments, the share of households expecting inflation rates to rise during this period increased by 7 percentage points on the previous month, reaching 57 %. Average expectations for inflation three years ahead remained stable in September, sitting at 3.2 %. Meanwhile, average expectations five years ahead decreased slightly by 0.1 percentage point on the month to 3.4 %.
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Course program for 2026: more sessions in person, more practical takeaways, more networking
Less screen time, more face time – in our new course program for 2026, we’re putting a spotlight on in-person training, interactive learning and practice-driven content! We’re offering 48 courses, including 13 expert panels, so you’re bound to find a perfect opportunity to widen your skillset and make valuable contacts. Explore the new topics we’re offering next year and find out more about our state-of-the-art delivery methods. Registration is now open.
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Announcement of auction – Reopening 7-year Federal bond
199 KB, PDF
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Reporting deadline
To simplify the process of meeting reporting deadlines, reporting dates are to be harmonised.