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Weidmann: Financing terms should evolve in line with economic recovery

06.04.2021

Bundesbank President Jens Weidmann says financing conditions play a crucial role on the road to price stability, but there’s more to it than just glancing at the indicators. If those indicators flag changes, he states, the job of central banks is to analyse exactly how those changes came about. “I believe that financing terms should be able to evolve in line with the economic recovery in the euro area. It’s not a matter of using monetary policy to cement a particular interest rate level,” Mr Weidmann said in a speech delivered virtually in Frankfurt.

Weidmann: Financing terms should evolve in line with economic recovery
Speech by Jens Weidmann
Fall in German economic output in first quarter of 2021

22.03.2021

According to the current issue of the Monthly Report, there is likely to be a steep fall in German economic output in the first quarter of 2021. In particular, activity in services sectors with high frequencies of interpersonal contact will probably have declined again sharply. By contrast, industry is profiting from stronger foreign demand and is likely to have bolstered economic activity in the current quarter.

Fall in German economic output in first quarter of 2021
Container ship from above
German debt ratio up in 2020 to 70.0%

31.03.2021

In the year that the coronavirus pandemic began, general government debt in Germany was up by €275 billion to €2.332 trillion. The debt ratio, meaning the ratio of debt to gross domestic product, rose from 59.7% to 70.0% in 2020, which is the sharpest increase in the debt ratio within the space of a year since German reunification.

German debt ratio up in 2020 to 70.0%
Current figure: Maastricht debt ratio
New NGFS report outlines measures to address climate risk

24.03.2021

The Network for Greening the Financial System (NGFS) has released its latest report, entitled “Adapting central bank operations to a hotter world”, which outlines specific options available to central banks to factor climate-related risks into their monetary policy operations. Bundesbank Executive Board member Sabine Mauderer called the report a milestone.

New NGFS report outlines measures to address climate risk
Statement by Sabine Mauderer on the new NGFS report
Ein Telefonhörer mit einem Warnhinweis
Beware of fraudulent calls
Gold bars of the Deutsche Bundesbank
Monetary policy played a pivotal role in the Great Depression
Trigger solutation
DLT-based securities settlement in central bank money successfully tested
Bundesbank Executive Board member Burkhard Balz during the virtual symposium
Reliable memory: Historical Archives celebrate 50th anniversary
Startbild zum Video des Geldmuseums zum Thema Vögel und Geldpolitik
Who is it that beeps?
Bundesbank President Jens Weidmann and Executive Board member Johannes Beermann are presenting the Bundesbank’s Annual Report 2018
Bundesbank without profit in 2020
Image of the video on the Household Inflation Expectation Survey
What are households expecting?
Euro reference rate of the ECB to the US dollar
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