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Town hall meeting with Joachim Nagel at Euro20+

How do you actually become Bundesbank President?  And when will the ECB Governing Council end the low interest rate policy? At Euro20+, Bundesbank President Joachim Nagel answered participants’ questions on Friday. On Saturday, Pablo Hernández de Cos, Governor of the Banco de España, fielded questions from participants.

Town hall meeting with Joachim Nagel at Euro20+
Bundesbankpräsident Joachim Nagel bei Euro20+
Nagel: “The risk of acting too late is increasing”

10.05.2022

Bundesbank President Joachim Nagel has once again advocated making a timely start on normalising policy rates in the euro area. The risk of acting too late is increasing notably, he said at a conference in Eltville am Rhein. “As inflation in the euro area continues to run high, we need to act,” Mr Nagel urged. “And if both the incoming data and our new projection confirm this view in June, I will advocate a first step [towards] normalising ECB (European Central Bank) interest rates in July.”

Nagel: “The risk of acting too late is increasing”
Joachim Nagel
War against Ukraine: energy embargo could significantly weaken German economy

22.04.2022

In the current issue of its Monthly Report, the Bundesbank uses scenario calculations to analyse the potential macroeconomic impact of a further escalation of the war against Ukraine. According to the experts, German real GDP this year could be down by as much as 2% compared with 2021. The inflation rate in Germany in 2022 could be 1½ percentage points higher than expected in the European Central Bank’s March projection.

War against Ukraine: energy embargo could significantly weaken German economy
Gas power plant
German direct investment abroad down slightly at end of 2020

06.05.2022

Germany’s outward foreign direct investment (FDI) stocks fell by €10 billion to €1,376 billion in 2020. This decline was mainly due to negative exchange rate effects, which led to a lower valuation of the stocks, a Bundesbank press release on these figures explains. The same period saw stocks of FDI in Germany increase by €39 billion to €845 billion.

Foreign direct investment stocks at the end of 2020
Major destinations for German direct investors
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