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Germany at particular risk from US tariffs - Bundesbank

Germany is particularly vulnerable to US trade tariffs, which could curb growth for years to come and hold back an economy already suffering through two years of contraction in a row, Bundesbank President Joachim Nagel said today.

Business • 17 Feb

Euro zone inflation not where ECB wants it to be - Nagel

Euro zone inflation is still not as low as the European Central Bank would like, so interest rates need to remain sufficiently high to resolve price pressures, Bundesbank President Joachim Nagel said today.

Business • 18 Sep 24

German, Dutch central banks post big losses, warn of more

The German and Dutch central banks today posted multi-billion euro losses for 2023 and predicted more financial pain ahead, suggesting that they are unlikely to pay dividends into state coffers for years to come.

Business • 23 Feb 24

Germany, Europe's largest economy, slowed by 0.1% in the third quarter of 2023

Germany's economy shrinks slightly in third quarter

Germany's economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed today.

Business • 24 Nov 23

Germany has been among the weakest economies in Europe this year as high energy costs, weak global orders and higher interest rates took their toll

Germany heading for another poor quarter - Bundesbank

Germany's economy will likely shrink again this quarter and its recovery will be arduous, even if there are some signs an improvement could come early next year, the Bundesbank said in a monthly economic report today.

Business • 20 Nov 23

Germany's Bundesbank said the German economy is likely to have contracted in the third quarter of 2023

German economy likely shrunk in Q3 - Bundesbank

Germany's economy likely contracted in the third quarter, the Bundesbank said in a monthly report today, amid declining industrial production, a shrinking construction sector and weakening consumption.

Business • 23 Oct 23

The ECB has been criticised for disregarding the opinions of politicians when it chose Buch as the next chair of the Single Supervisory Board

ECB's bank supervisor nominee gets a rough time

The European Central Bank's nominee as chief bank supervisor, Claudia Buch, received a hard time from European lawmakers at her confirmation hearing, with some even raising objections about the legality of her nomination and her qualifications.

Business • 20 Sep 23

Germany, Europe's biggest economy, suffered a brief recession around the turn of the year and produced flat growth in the second quarter

German economy to shrink in Q3 - Bundesbank

The German economy is likely to shrink this quarter as industry is in recession and private consumption is adding little to growth, the Bundesbank said in a monthly economic report today.

Business • 18 Sep 23

The ongoing high wage pressures could make it harder to press ahead with curbing inflation, the Bundesbank said today

Bundesbank fears inflation getting stuck above 2%

Underlying inflation may have peaked but prices pressures are easing too slowly and there is a growing risk that consumer price growth gets stuck above 2%, the Bundesbank said today in a monthly economic report.

Business • 21 Aug 23

The Bundesbank said the German economy was likely to have grown slightly in the three months to June after contracting in the previous two quarters

German economy may disappoint - Bundesbank

The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce in the second quarter, the Bundesbank said today.

Business • 17 Jul 23

Germany's Bundesbank chief Joachim Nagel

ECB's Nagel calls for more hikes and digs in for battle

European Central Bank policymaker Joachim Nagel reaffirmed today that the ECB had a way to go in raising interest rates and said it should also shrink its balance sheet in the coming years even if pushback against more credit tightening grows.

Business • 03 Jul 23

Rapid wage growth to prolong high euro zone inflation

The European Central Bank must continue to raise interest rates and should speed up the reduction of its balance sheet as rapid wage growth is putting upward pressure on an already high inflation rate, Bundesbank President Joachim Nagel said today.

Business • 24 Mar 23

The Bundesbank has called a meeting of its Financial Crisis Team to assess the ramifications for local lenders and financial markets

Bundesbank convenes crisis team to assess SVB fallout

The Bundesbank convened its crisis team today to assess the possible fallout of the collapse of US lender Silicon Valley Bank on the local market, even as no emergency action was foreseen in Europe.

Business • 13 Mar 23

The central bank added that wages are now growing quickly

German economic outlook brightening slightly

Germany's economic prospects are improving after an unexpectedly resilient fourth quarter with headline inflation also past its peak, even if underlying price growth will take longer to abate, the Bundesbank said today.

Business • 20 Feb 23

The Bundesbank said the German economy was likely to shrink even if outright rationing is avoided as companies cut or halt production

German economy to shrink all winter as gas taps off

The German economy is contracting already and will likely get worse over the winter months as gas consumption is cut or rationed, the country's central bank said today.

Business • 19 Sep 22

Germany, Europe's largest economy went into reverse in the last three months of 2021 as its large industrial sector was hit by supply snags

German economy likely to shrink in Q1 - Bundesbank

The German economy will probably shrink again in the current quarter as a new wave of coronavirus infections stops many people from going to work, the Bundesbank said today, while predicting a rebound in the spring.

Business • 21 Feb 22

The new Bundesbank President Joachim Nagel

ECB could raise rates in 2022, Bundesbank chief says

The European Central Bank could raise interest rates this year as high inflation is proving more persistent than once thought, new Bundesbank President Joachim Nagel told German newspaper Die Zeit today.

Business • 09 Feb 22

New Bundesbank chief takes up inflation battle at ECB

New German central bank chief Joachim Nagel warned about high inflation in his inaugural speech today, in a sign he would continue his predecessor's fight to rein in the European Central Bank's monetary largesse.

Business • 11 Jan 22

It is expected that Joachim
agel, a former Bundesbank board member, will take over on January 1 from Jens Weidmann

Germany to pick Nagel to head Bundesbank - report

Germany's new government will pick Joachim Nagel, a career banker with ties to the ruling Social Democratic party, as the next Bundesbank chief, the Handelsblatt newspaper and a government source said today.

Business • 20 Dec 21

Jens Weidmann has led a decade-long fight inside the European Central Bank against the easy-money policies espoused by ECB presidents

Weidmann: the often lonely ECB voice against easy money

Bundesbank chief Jens Weidmann, who today announced his decision to stand down more than five years early, led a decade-long fight inside the European Central Bank against the easy-money policies espoused by successive ECB presidents.

Business • 20 Oct 21

Bundesbank President Jens Weidmann is to leave the job at the end of the year

Bundesbank's Weidmann quits with last inflation warning

Bundesbank President Jens Weidmann, among the most conservative members of the European Central Bank's Governing Council, will step down from his post on December 31, the German central bank said today.

Business • 20 Oct 21

German economy overcoming pandemic - Bundesbank

The German economy is overcoming a pandemic-induced slump and will grow briskly this year and the next, the country's central bank said today as it lifted its GDP and inflation forecasts for both years.

Business • 11 Jun 21

The German central bank seems to have abandoned its expectations of a rebound in the spring

German economy slumping on Covid curbs - Bundesbank

The German economy is likely to shrink sharply this quarter as pandemic-fighting curbs hit the services sector and even the booming construction industry slows, the Bundesbank said today.

Business • 22 Mar 21

Germany's Bundesbank President Jens Weidmann

Bundesbank sees rebound in German growth after 2nd wave

Germany's economy will contract less this year than previously projected and its rebound will accelerate once the economy can start to reopen from the second wave of the pandemic next year, the country's central bank said.

Business • 11 Dec 20

Inflation in the euro zone has missed the ECB's target, currently set "below but close to 2%" for years despite increasingly aggressive stimulus from the bank

ECB's Lagarde sets scene for Fed-like strategy overhaul

European Central Bank President Christine Lagarde has today set the scene for changing the ECB's strategy to align it with that of the Federal Reserve, possibly including a commitment to let inflation overshoot after it has been low for too long.

Business • 30 Sep 20