Archive of topic posts
In the following list you find chronologically listed articles.
Use the search filter to narrow the period, to choose one main topic or to search the full text.
-
Joachim Nagel: Do not loosen monetary policy too soon
17.11.2023 DE
In a speech at the European Banking Congress, Bundesbank President Joachim Nagel warned against any premature easing of the tight monetary policy currently in place in the euro area. “According to Bundesbank model estimates, the tightening can be expected to have its maximum impact on economic activity in 2023 already, and on inflation only in 2024,” he said at the event in Frankfurt am Main.
In other words, much of the inflation-dampening effect induced by monetary tightening is yet to materialise.
-
Inauguration of the House of the Euro
13.11.2023 DE
The European Central Bank and numerous Eurosystem central banks are merging their representative offices in Brussels into a shared hub. A team from the Bundesbank will also be stationed at the House of the Euro.
-
Nagel: Digital transformation must become an engine of prosperity
31.10.2023 DE
Bundesbank President Joachim Nagel believes digitalisation could provide further considerable impetus for growth and prosperity. “This can be achieved if digital transformation is approached with openness to new ideas and room for innovative solutions,” he said, speaking at the Ludwig Erhard Lecture of the INSM (Initiative New Social Market Economy) in Berlin. Mr Nagel also touched on the current monetary policy stance.
-
Federal Statistical Office: German economic activity declined slightly in the third quarter of 2023
30.10.2023 DE
Initial figures from the Federal Statistical Office indicate that Germany’s gross domestic product (GDP) fell by 0.1% in the third quarter of 2023 compared to the previous quarter after adjustment for price, seasonal and calendar effects. The data suggest that private consumption, in particular, declined. By contrast, investment in machinery and equipment provided positive stimuli.
-
Claudia Buch appointed Chair of the ECB’s Supervisory Board
The Council of the European Union has appointed Claudia Buch as Chair of the Single Supervisory Mechanism (SSM) of the European Central Bank (ECB)
. “I would like to thank the Council of the European Union for my appointment as Chair of the Supervisory Board and for the trust placed in me. It will be a great honour for me to take on this role at the European Central Bank,
Ms Buch said. During her term of office, she will work to ensure a resilient European banking sector that serves the people of Europe. -
German economy probably contracted somewhat in the third quarter
23.10.2023 DE
Real gross domestic product (GDP) is likely to have contracted somewhat in the third quarter of 2023, according to the latest Monthly Report. Weak foreign demand and higher financing costs weighed on the German economy. Tailwinds came from the still robust labour market and steep wage increases amidst subsiding inflation, the economists report.
-
Digital euro: Eurosystem moves to the next phase
19.10.2023 DE
Two years have been spent exploring the possible design and distribution of a digital euro. Now, the Governing Council of the ECB is moving to the next phase of the project. This will lay the foundations for a potential digital euro. It will involve, amongst other things, finalising the digital euro rulebook and selecting providers that could develop a digital euro platform and infrastructure. However, a decision on whether to actually issue a digital euro will be made at a later date.
-
Nagel: ECB interest rate hikes are yielding results
13.10.2023 DE
Bundesbank President Joachim Nagel has said he is confident that inflation has peaked. Speaking at the joint press conference with Federal Finance Minister Christian Lindner on the sidelines of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank in Marrakech, Morocco, he explained that, although there was still uncertainty as to when inflation would return to the 2% target, the ten interest rate hikes carried out by the European Central Bank (ECB) to date are yielding results.
-
Joachim Nagel awarded Heinrich Hertz Guest Professorship
05.10.2023 DE
Karlsruhe Institute of Technology (KIT) and KIT Freundeskreis und Fördergesellschaft e. V. (KFG) have awarded 2023’s Heinrich Hertz Guest Professorship to Bundesbank President Joachim Nagel. The Heinrich Hertz Guest Professorship is conferred annually upon figures from the spheres of science, economics, culture or politics and recognises their achievements in research and contributions to society.
-
Wuermeling: Unstructured data hold a wealth of potential for banks
20.09.2023 DE
Unstructured data hold a wealth of potential for both individual institutions and the financial system as a whole, says Bundesbank Executive Board member Joachim Wuermeling. Leveraging the data in a way that maximises the benefits and minimises the risks is what counts, he remarked at BaFinTech 2023, a joint Bundesbank-BaFin event in Berlin. He also warned that excessive legal constraints risk dampening the huge innovative potential offered by artificial intelligence.