Deutsche Bundesbank

Bundesbank's Weber on the role of interest rates

In the speech 'The role of interest rates in theory and practice - How useful is the concept of the natural real rate of interest for monetary policy?' given on 9 March Axel Weber of the Bundesbank said setting interest rates against a benchmark estimate…

Ex-Buba Milow on govt gold grip

In Saturday's issue of Frankfurter Allgemeine Zeitung, the former Bundesbank branch office manager Christian Milow wrote at length about "The grip of the government on gold" ("Der Griff des Staates nach dem Gold").

Comment: Communication and predictability

Two recent studies investigate the effects of more open communication strategies at both the Fed and the ECB on the predictability of subsequent interest rate decisions. The conclusions reached differ considerably.

Deutsche Bundesbank Monthly Report, January 2006

The Deutsche Bundesbank published the English version of its January 2006 Monthly Report on 16 February. The report issued a blunt warning against rushing the expansion of the eurozone currency bloc and criticised prospective member Estonia over the size…

Buba worried re cash supply after Heros insolvency

The Bundesbank has called on local branches to lengthen their operating hours after a money-transport company which accounts for around 50 per cent of the German money transport sector filed for insolvency.

Buba's Weber says inflation risks remain

Bundesbank president Axel Weber told a conference on Monday 20 February that inflation risks still exist in the eurozone and a forward-looking monetary policy is needed to counter these risks at an early stage.

Stark formally nominated for ECB job

Austrian finance minister Karl-Heinz Grasser said EU finance ministers formally nominated Bundesbank vice-president Juergen Stark as Otmar Issing's successor at the European Central Bank.

Germany to issue inflation-linked bonds

The German government plans to issue inflation-linked bonds this year, but is hoping for an uptick in inflation expectations to time the sale Gerhard Schleif, the head of the nation's debt agency, told Dow Jones Newswires in an interview yesterday.

Comment: EU banking supervision

Bundesbank board member Edgar Meister's assertion earlier this week that "the current supervisory framework is no real hindrance to cross-border consolidation" in the European banking sector, underlines the differences in opinion amongst policymakers on…

Deutsche Bundesbank adopts SwiftNet FileAct

According to a report on Finextra.com, Deutsche Bundesbank is to adopt SwiftNet FileAct to begin standardizing its communications system for low value payments, bringing its branches in line with Germany's national Real Time Gross Settlement as it…

German govt, Bundesbank set for gold clash

A long-simmering squabble between the German government and the Bundesbank over the use of Germany's massive gold reserves may come to the boil again as a result of new legislation drafted by the finance ministry, the Financial Times reported.

Report says Germany may create gold sale fund

Germany may create a special fund for the proceeds of Bundesbank gold sales in a move which could help ease central bank opposition to the sale of part of its huge reserves, according to a draft law quoted by Reuters on Thursday 2 February.

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