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Slight decline in economic output in Q4 2021

24.01.2022

In the final quarter of 2021, economic output in Germany is likely to have declined slightly, the Bundesbank writes in its current Monthly Report. According to the Bank’s experts, this is primarily due to the resurgence of the pandemic. While gross domestic product (GDP) rose by 2.7% on the year in 2021 as a whole, this was not nearly enough to offset the sharp decline of the previous year, the Bank’s experts say. 

Slight decline in economic output in Q4 2021
Man in the interior of an airplane
Nagel: Bundesbank will continue to make its voice heard as an advocate for a culture of stability

11.01.2022

“Stability is the Bundesbank’s mission and its core,” Bundesbank President Joachim Nagel emphasised in his inaugural speech at the change of office ceremony in Frankfurt am Main. “The German public expect, and rightly so, that the Bundesbank will make its voice heard as an advocate for a culture of stability. I can reassure them that it will continue to do so,” he said. At the same time, the Bundesbank should rise to the challenges that change brings and harness the opportunities it offers.

Nagel: Bundesbank will continue to make its voice heard as an advocate for a culture of stability
Joachim Nagel
Mauderer appointed as Vice-Chair of the NGFS

17.01.2022

Bundesbank Executive Board member Sabine Mauderer will spend two years as Vice-Chair of the Network for Greening the Financial System (NGFS), before serving as Chair for the following two years.

Mauderer appointed as Vice-Chair of the NGFS
Vorstandsmitglied - Dr. Sabine Mauderer
Federal President Steinmeier appoints Joachim Nagel President of the Deutsche Bundesbank

Federal President Frank-Walter Steinmeier has appointed Joachim Nagel President of the Deutsche Bundesbank. Mr Steinmeier presented the certificate of appointment to Mr Nagel, who holds a PhD in economics, at Schloss Bellevue on 7 January. The ceremony marking the change of office for the tenth President of the Bundesbank will take place on 11 January in Frankfurt and will be streamed live.

Federal President Steinmeier appoints Joachim Nagel President of the Deutsche Bundesbank
Frank-Walter Steinmeier and Joachim Nagel
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