Weidmann to step down as Bundesbank president
After over 10 years leading the German central bank, Weidmann will leave for “personal reasons”
Jens Weidmann will cease to be president of the Deutsche Bundesbank at the end of 2021, he said in a statement today (October 20).
The announcement came as a major surprise, as he had been reappointed for a second eight-year term in April 2019.
Bundesbank president since May 2011, Weidmann said he has asked Federal president Frank-Walter Steinmeier to be released from office, citing “personal reasons”.
“I have come to the conclusion that more than 10 years is a good time to start a new
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