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“Our job is not done yet”

24.01.2023

High inflation is certainly placing a heavy strain on families, firms and our economies as a whole, said Bundesbank President Joachim Nagel in a joint interview with François Villeroy de Galhau, Governor of the Banque de France. Referring to the ECB Governing Council´s aim of achieving an inflation rate of 2% in the euro area in the medium term, Nagel emphasized: “We need to rein in inflation.

“Our job is not done yet”
Joachim Nagel and François Villeroy de Galhau during an interview with L'Express
Smartphone payments are becoming more popular Younger people in particular like to pay by smartphone

27.01.2023

In Germany, who reaches for their smartphone when paying? A new study by the Bundesbank shows that it is mainly younger people who do so, as well as those who shop and bank online and are open to technological trends. “Demographic developments thus make it likely that the use of mobile payment methods will increase in the future”, the Bundesbank’s economists write in the current issue of the Monthly Report. As things stand today, however, mobile payments are still lagging far behind cash and debit or credit cards.

Smartphone payments are becoming more popular Younger people in particular like to pay by smartphone
Touchless payment in a shop
Temporary reallocation of responsibilities within the Executive Board of the Deutsche Bundesbank

01.01.2023

Dr Johannes Beermann left the Deutsche Bundesbank’s Executive Board on 31 December 2022. As a result, the Executive Board has reshuffled its areas of responsibility. The temporary reallocation of responsibilities shall apply with immediate effect.

Temporary reallocation of responsibilities within the Executive Board of the Deutsche Bundesbank
Executive Board
Croatia to join euro area

27.12.2022

Croatia is introducing euro cash on 1 January 2023, making it the 20th Member State of the euro area. Croatian kuna banknotes can be exchanged for euro free of charge at all Bundesbank branches between 1 January and 28 February 2023. Croatia’s accession to the euro area will change the composition of the Governing Council of the European Central Bank (ECB) and the ECB’s capital, as well as the capital key used to calculate it.

Croatia to join euro area
National flag of Croatia with old and new currency
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