“We’ve ridden out the big wave of inflation,” said Bundesbank President Joachim Nagel in an interview with the “Frankfurter Allgemeine Zeitung” (FAZ). The euro area is well on the way to hitting the inflation target of 2 % by the end of 2025, he added. Asked whether the ECB Governing Council will lower interest rates for a second time in September, Nagel said that it would depend on the data. He also spoke about the ECB’s forthcoming strategy review and the state of the German economy.

Burkhard Balz is the member of the Bundesbank’s Executive Board tasked with the future implementation of the digital euro. However, the success of the project is not automatically assured. In an interview, Mr Balz explains where there is resistance, what it will entail for us, what the future of cash will look like and what we will see on new banknotes.

A digital euro will be an immense step forward for our payment system, Joachim Nagel said in an interview with Handelsblatt, Les Échos, Corriere della Sera and El Mundo. "Consumers will have an electronic means of payment that is accepted throughout the euro area, that is very cost-competitive and that places a strong emphasis on privacy."

In an interview with the German business magazine “WirtschaftsWoche”, Bundesbank President Joachim Nagel discusses weakening domestic economic activity, a reform of the debt brake and future monetary policy decisions. “If prices and the economy develop as expected, I would be in favour of cutting the key interest rates in June,” Mr Nagel explains. However, he also warns that the return of inflation to target is not a given.

Bundesbankpräsident Joachim Nagel spricht über den digitalen Euro, die Inflation – und wann die Rente mit 69 kommen kann.

We currently appear to be administering the correct ‘dose’ of interest rate increases, said Bundesbank President Joachim Nagel in an interview with the Sunday newspaper “Frankfurter Allgemeine Sonntagszeitung”. In his view, the price outlook is not yet clear enough to cut interest rates. However, he does expect price developments to continue to normalise. 

The turn of the year saw Executive Board member Sabine Mauderer take office as Chair of the Network for Greening the Financial System (NGFS), a global group of central banks and supervisory authorities committed to forging a more sustainable financial system. The NGFS’s mission is to analyse what climate change and nature loss mean for the financial system