Deutsche Bundesbank
Deutsche Bundesbank Monthly Report, August 2003
The Deutsche Bundesbank published the English version of its August 2003 monthly report on 10 September. One difficulty in the development of the international economy, the Report says, is that, once again, the USA will probably be the sole engine of…
Deutsche Bundesbank Monthly Report, July 2003
The Deutsche Bundesbank published the English version of its July 2003 monthly report on 7 August. The slumping economy has caused a renewed perceptible decline in employment, the report says. The rate of price increase picked up again a bit in June. The…
Germany's deficit shouldn't widen - Remsperger
The Bundesbank's chief economist Herman Remsperger has urged fiscal restraint and welfare reform, according to Bloomberg, saying "Borrowing to cover today's spending will worsen finances for future generations".
Bundesbank: No hurry for candidates to adopt ERMII
The Bundesbank said in a report that no relaxation should be made of the Maastricht criteria for the new member states, noting that Hungary's budget deficit for 2002 was over 9% of GDP. The report, according to Interfax-Europe, said that most accession…
Deutsche Bundesbank Monthly Report, June 2003
The Deutsche Bundesbank published the English version of its June 2003 monthly report on 17 July. Price developments in the past few months have been affected by falling oil prices, the report said. The recently observable rise in the prices quoted on…
Hans Tietmeyer joins Lazard as a Senior Advisor
Hans Tietmeyer, who was president of the Bundesbank for six years, has been appointed a Senior Analyst with Lazard, reports PR Newswire. The Chairman of Lazard Germany said he was delighted Prof. Tietmeyer has joined the company.
Bundesbank- German deficit may make ECB job harder
Bundesbank Chief Economist Hermann Remsperger said in an interview a third breach in as many years by Germany "would further damage the credibility of Europe's stability and growth pact, which would ultimately make a stability-oriented monetary policy…
Bundesbank doubts German growth forecasts
Bundesbank official Hans Reckers said in an interview published Sunday that German government growth forecasts of 2% are 'much too optimistic'. He suggested a growth rate of 1% to 1.5% for 2004 would be more realistic, RTE News said.
Deutsche Bundesbank Monthly Report, May 2003
The Bundesbank said in its May 2003 monthly report that major uncertainty in the global economy and on the international financial markets, which peaked in the first quarter as the Iraq war was approaching, has since receded. This is reflected mainly by…
Bundesbank report reassures over deflation fears
In its June monthly report the Bundesbank acknowledged deflationary risk does exist, Reuters reports, but said that there was no sign it would turn into a damaging reality.
Germany faces small deflation risk Bundesbank says
The Bundesbank said in its June monthly report published on Monday 23 June that there was only a "small" risk of deflation in Germany and no "acute" signs of deflation exist at present, according to a report by Bloomberg.
Fabritius on central banks role in payment systems
In a speech on 'The evolving role of central banks in payment systems: service providers and/or overseers?' Hans Georg Fabritius of the Deutsche Bundesbank said there are two main developments which are already identifiable but which will require further…
Bundesbank dampens rate cut speculation
Bundesbank chief Ernst Welteke poured cold water on further ECB rate cut talk on Monday 16 June, according to AFP, suggesting it was now up to governments and politicians to get their economies in order.
ECB's Welteke says global growth conditions good
Ernst Welteke said on Friday 13 June thatmacroeconomic conditions are favourable to growth all over the world but enterprises must have confidence to sell their goods, according to a report by Reuters.
Bundesbank cuts growth forecast
The Bundesbank has cut its growth forecast for 2003 to between 0.1 and 0.2 per cent, down from 0.5 per cent, Reuters reports. The move follows weak growth for the first three months of this year.
Deutsche Bundesbank Monthly Report, April 2003
The Bundesbank said in its April 2003 monthly report that consumer prices continued to rise in March, albeit at a somewhat slower pace than before. The seasonally adjusted increase went down to 0.2%. The year-on-rate of increase fell to 1.2% from 1.3% in…
Deutsche Bundesbank - Annual Report 2002
The Deutsche Bundesbank has published its Annual Report for the year ended 2002.
A spring-cleaning for the Eurosystem
As the Eurosystem prepares for the arrival of new members, it has first to attend to some housekeeping. A report by Nick Carver
Bundesbank's Stark unconcerned about euro rise
In an interview Vice President of the Bundesbank reported by Reuters, Juergen Stark said the global economy was not heading towards a major crisis and pointed to the fact that a strong euro made imports - particularly oil - cheaper, stimulating the…
Deutsche Bundesbank Monthly Report, March 2003
The Bundesbank said in its March 2003 monthly report that growth in overall output came to a halt in the fourth quarter of 2002 and the labour market situation deteriorated further around the turn of the year.
Bundesbank may opt to sell gold reserves - report
Mr Welteke, president of the Bundesbank, was reported as saying that the Bundesbank may become a party to the upcoming agreement among gold-holding central banks of Europe to sell part of their gold reserves. The new agreement may allow for increased…
Now not the time for fiscal or monetary austerity
LETTER - An article by the Bundesbank's Jurgen Stark gets some criticism from a chief economist who says this is not the time for fiscal or monetary austerity. In a letter to the FT professors Olivier Blanchard and Francesco Giavazzi say that failure to…
German economy stagnant, says Bundesbank
Germany appeared to move a step closer to a new recession Monday when the Bundesbank estimated that the euro zone's biggest economy contracted slightly in the fourth quarter of last year.
Deutsche Bundesbank Monthly Report, January 2003
REPORT - The Bundesbank said in its January 2003 monthly report that there were further job cuts and unemployment increased significantly. The price climate in Germany at the end of 2002 remained favourable. The rate of consumer price increase remained…