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Bundesbank President Jens Weidmann to step down

20.10.2021

Bundesbank President Jens Weidmann will lay down his office for personal reasons at the end of the year. “I have come to the conclusion that, after more than ten years, now is a good time to embark upon a new chapter – for the Bundesbank, but also for me personally,” Mr Weidmann explained. He said he owed thanks to his colleagues on the Governing Council of the ECB under the leadership of Christine Lagarde for the open and constructive atmosphere in the - at times - difficult discussions conducted over the past years.

Statement by Bundesbank President Dr Jens Weidmann
Jens Weidmann
Monetary policy has only a slight impact on Bitcoin prices

08.10.2021

The Eurosystem’s monetary policy has only a relatively minor impact on the prices of Bitcoin and other crypto tokens. This is the conclusion reached by Bundesbank experts in the September edition of the Monthly Report, which states that “monetary policy impulses explain only a fraction of the volatile price developments”. At first glance, the high rates of growth seen by crypto tokens appear to be attributable to other factors.

Monetary policy has only a slight impact on Bitcoin prices
Abstrakte AI 3d Illustration
German economy continues to recover despite supply-side bottlenecks

27.09.2021

The recovery of the German economy, which began in spring, continued at a faster pace in the third quarter of 2021,” the Bundesbank writes in its Monthly Report. Particularly strong growth was reported for private consumption and services. Supply-side constraints persisted in industry, however, so that output continued to lag considerably behind strong demand.

German economy continues to recover despite supply-side bottlenecks
Production line automotive industry
High risk provisioning puts pressure on banks’ earnings

27.09.2021

The performance of German credit institutions was encumbered last year by the effects of the coronavirus pandemic. Virtually all of the categories of banks recorded either stagnating or receding results for the financial year before tax compared with 2019, the Bundesbank writes in its current Monthly Report. It notes that the surge in risk provisioning in credit business in particular and the ensuing deterioration in results from the valuation of assets were responsible for this.

High risk provisioning puts pressure on banks’ earnings
Skyline Frankfurt am Main
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