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Jens Weidmann giving an interview

"We must withstand this pressure"

Bundesbank President Jens Weidmann believes that buying governments more time is not an objective but a by-product of the current ultra-accommodative monetary policy. In a joint interview with newspapers from the Leading European Newspaper Alliance (LENA), he said that this time should be used to implement reforms and consolidation measures. Otherwise, central banks would come under pressure to keep interest rates low in order to ensure sustainable public finances. Mr Weidmann argued that, in such a scenario, they would have to withstand this pressure.


Two workers in a car factory

German economy picking up perceptibly

Germany's economy grew strongly at the start of 2016, the Bundesbank writes in its latest Monthly Report. Exports had recovered from a lull to join private consumption and construction activity in propelling activity.


Jens Weidmann

A difficult setting for banks

In a speech he gave in Frankfurt am Main, Bundesbank President Jens Weidmann stated that it was indeed appropriate to make the regulation of the banking sector more stringent as a lesson learned from the financial crisis. However, he added that a further tightening (Basel IV) was not on the agenda. He also refuted the accusation that Germany was saving too much and investing too little.


500-Euro-Banknoten in einer Zählmaschine

Production and issuance of the €500 banknote will be discontinued

On 4 May the ECB Governing Council decided to no longer produce and issue the €500 banknote. The €500 note will remain legal tender and retain its value for an unlimited period of time.


Andreas Dombret during a conversation

Increased competition for customers and as regards terms and conditions

In a guest article, Andreas Dombret writes that fintechs have now advanced into almost every area of the banking and financial sector and are putting traditional credit and financial services institutions under considerable pressure. He notes that strategic decisions are already called for now in preparation for dealing with fintechs in the future.


Stacked barrels of oil

Energy prices decisive for inflation

Inflation in Germany has fluctuated strongly in the past eight years. The Bundesbank's economists have now examined the extent to which the Phillips curve model explains recent price developments. Import and energy prices have turned out to be particularly decisive.


Jens Weidmann giving an interview

Weidmann: "Align action and liability more closely in the euro area"

In a speech in Rome Bundesbank President Jens Weidmann pointed out that, in order to permanently stabilise the euro area, action and liability again must be aligned. This principle should apply not only to banks, but also for policy decisions in the euro area.


Carl-Ludwig Thiele

The dawn of the digital age

Board Member Thiele explained in Hachenburg that the new digital age was posing challenges to the banking industry, with innovative payment options and many new banking and payment service providers capturing the market outside established cashless means of payment.


An employee in front of monitors in the trading room

Banks that trade securities grant fewer loans

New Edition of the Research Brief, newsletter issued by the Deutsche Bundesbank's Research Centre: In the United States and Europe, efforts are being made to limit banks' proprietary trading of securities.


Skyline Frankfurt am Main

Firms obtaining credit more easily

According to the latest round of the Bank Lending Survey (BLS) for Germany and the euro area as a whole, in the first quarter of 2016 banks eased somewhat their credit standards for loans to enterprises in Germany and also in the euro area as a whole.


Jens Weidmann in the foyer of the Bundesbank Central Office

Bundesbank President Weidmann stresses central bank independence

Bundesbank President Jens Weidmann has stressed the European Central Bank’s independence. In an interview with the Financial Times, Weidmann pointed out that the debate in Germany was too narrow and was not focusing enough on the broader macroeconomic consequences of current monetary policy.


Governing council of the ECB

Corporate sector purchase programme to launch in June

The European Central Bank has published technical details on the corporate sector purchase programme. Starting in June, six Eurosystem central banks, including the Deutsche Bundesbank, will execute the CSPP.


€5 collectors' coin 'Planet Earth' featuring a blue ring

Strong demand for €5 collector coin

The Federal Ministry of Finance has started issuing the €5 "Planet Earth" collector coin as of 14 April 2016. The new collector coin has met with such strong demand that it is already out of stock at many Bundesbank branches.


Cover der Publikation International Central Banking Courses 2016

International Central Banking Courses 2016

The Centre for Technical Central Bank Cooperation will be offering more than 40 international central banking courses in 2016. Please use the online application to apply. An overview of the courses you can find here.


Additional information

Newsletter: Research Centre  

Skyline Frankfurt am Main

Sign up now for the new "Research Brief" newsletter issued by the Deutsche Bundesbank's Research Centre, featuring a regular update on studies and discussion­ papers prepared by the Research Centre.


Interest rates  

from 16.03.2016
Deposit facility
Main refinancing
Marginal lending

-0,40 %
 0,00 %
 0,25 %
Basic rate of interest-0,83 %

Current dates