Bundesbank President Jens Weidmann says that the ECB Governing Council has gone too far with its comprehensive package of monetary policy easing. “All I can say is that I will do what I can to ensure that interest rate increases are not put off for any longer than necessary,” he pledged in an interview with Germany’s “BILD-Zeitung” newspaper.
Monetary policy decisions of the ECB Governing Council
At the meeting on 12 september the Governing Council of the ECB decided to decrease the interest rate on the deposit facility by 10 basis points to -0.50 percent. Net purchases will be restarted under the Governing Council’s asset purchase programme at a monthly pace of €20 billion as from 1 November.
Bundesbank launches an architectural design competition for the new campus
The Bundesbank has tendered an architectural design competition for the implementation of the Bundesbank’s new campus in Frankfurt am Main. The City of Frankfurt am Main and the central bank have agreed that the urban planning concept developed by the firm “Ferdinand Heide Architekten” is permissible under current planning and construction law.
In January, 200 youths discussed the future of Europe at Euro20+. On 15 and 16 November, the Bundesbank will once again invite 200 motivated young people to come together to address topics such as the future of Europe, digitalisation, economic challenges and running a sustainable economy.