Bundesbank President Jens Weidmann does not believe that the uncertainty generated by trade disputes has thus far had any lasting impact on the global economy. Speaking on the sidelines of the Annual Meetings of the International Monetary Fund in Bali, he said that the slight slowdown in growth, especially that observed in European countries, is probably due to the normalisation of expansion rather than a consequence of the trade conflict.
The international Central Banks and Supervisors Network for Greening the Financial System (NGFS) has published its first progress report to coincide with the Annual Meetings of the International Monetary Fund and the World Bank.
Asset purchases have significant impact on TARGET2 balance
The Bundesbank's TARGET2 balance has again increased considerably since the beginning of 2015 and currently amounts to around €950 billion. This development is first and foremost linked to the extensive asset purchases by the Eurosystem central banks
Bundesbank brings digitalisation to banking supervision
Bundesbank Executive Board member Joachim Wuermeling has announced a digital agenda for the Bundesbank for 2019. In an interview with the Börsen-Zeitung, Mr Wuermeling said that new instruments, such as artificial intelligence and machine learning, offer enormous potential for banking supervisors to fulfil their statutory mandate even better in the future.