Welcome! Philipp Nimmermann has been appointed as the new Executive Board member of the Deutsche Bundesbank as of 1 November 2026. He has received his certificate of appointment from Bundesbank President Joachim Nagel. Mr Nimmermann most recently served as State Secretary at the Federal Ministry for Economic Affairs and Energy (previously called the Federal Ministry for Economic Affairs and Climate Action). 

Kathrin Schulte-Südhoff assumed office as President of the Bundesbank’s Regional Office in Baden-Württemberg in July. She took over from Patricia Staab who is now the Standing Deputy Director Information Technology at the Frankfurt Central Office. Bundesbank Executive Board member Lutz Lienenkämper honoured the achievements of both women at a ceremony marking the change of office.

A high-performing financial system needs different providers and business models,” said Bundesbank Executive Board member Lutz Lienenkämper at the third symposium on the regulation of investment firms in the capital markets union in Frankfurt am Main. At the symposium, representatives from academia and prudential supervision discussed current supervisory trends and the role of investment firms in the Savings and Investments Union. 

German economic output is likely to have stagnated in the third quarter of 2026, the Bundesbank writes in its current Monthly Report. The economists attribute this interruption of the upward trend to temporary stress factors, however. These include the low water levels on the Rhine, the loss of competitiveness in the context of the Iran war and one-off effects related to the fuel rebate. In addition, high energy prices weighed on households’ purchasing power. The inflation rate rose significantly in September to its highest level since the end of 2023. The economists expect inflation to remain elevated for the time being.