Deutsche Bundesbank
Bundesbank may sell some of its gold
The Bundesbank may sell some of its US$35 billion of gold to buy more profitable assets, executive board member Hans-Helmut Kotz said. In April we reported that Bundesbank President Ernst Welteke said that the international agreement limiting gold sales…
Welteke says risks to economic growth are high
Bundesbank chief Ernst Welteke implied the ECB may be close to easing interest rates. Speaking in Stockholm he said that the euro zone economy had risks on the downside and that low growth posed more of a threat than inflation.
Deutsche Bundesbank Monthly Report, October 2002
REPORT - Germany's central bank, on 14 November published its Monthly Report for October 2002. The Bundesbank said in its monthly report that gross domestic product grew by just 0.25 percent between July and September, compared to 0.3 percent expansion…
Bundesbank chief gives backing to EU growth pact
GERMANY - Bundesbank president Ernst Welteke, who sits on the ECB's interest rate setting council, throws his support behind the stability and growth pact which was labelled "stupid" by Romano Prodi recently. "The increasingly open attacks on the pact…
Deutsche Bundesbank Monthly Report, September 2002
REPORT - Germany's central bank, on 16 October published its Monthly Report for September 2002. The report shows a further increase in real gross domestic product (GDP) in the second quarter of this year, although the rise on the first quarter remained…
Germany 'at risk of breaching deficit limit'
GERMANY - The Bundesbank yesterday warned that Germany was at risk of breaching the European Union's 3 per cent deficit limit this year and cast doubt on its chances of balancing its budget by 2004.
Speech by Jurgen Stark of the Bundesbank, 6 Sep
SPEECH - In the speech titled 'Cyclical and architectural issues of the international economy' Stark said even though recent news about the world economy has not been exactly cheerful, judging by the data now available, the world economy remains on the…
Deutsche Bundesbank Monthly Report, August 2002
REPORT - Germany's central bank, on 11 September published its Monthly Report for August 2002. The Bundesbank finds that although the global economic recovery continued at a moderate pace in the second quarter, the outlook for the coming months has…
EU states warned of deficit 'disaster'
GERMANY - A senior Bundesbank official has criticised EU member states who have run up huge budget deficits and now demand a relaxation of the terms of the Growth & Economic Stability Pact which puts strict limits on government borrowing.
Deutsche Bundesbank Monthly Report, July 2002
REPORT - Germany's central bank, on Tuesday published its Monthly Report for July 2002. The Bundesbank report reveals that the German economy grew slightly in the second quarter by 0.25 percent in April to June compared with the previous three months…
The role of the Deutsche Bundesbank
RESEARCH - 'The role of the Deutsche Bundesbank in the European System of Central Banks' by Hermann Remsperger, Deutsche Bundesbank, Accepted 1 February 2002.
Deutsche Bundesbank Monthly Report, June 2002
REPORT - Germany's central bank has published its Monthly Report for June 2002. The report says the stabilising of the German economy as a whole led into a slight recovery in the first quarter of this year but that the upturn in the first quarter was not…
Bundesbank Monthly Report, April 2002
REPORT - The Bundesbank has issued its monthly report for April 2002.
Bundesbank Monthly Report
REPORT - Deutsche Bundesbank Monthly Report, April 2002.
Bundesbank's new board members approved
GERMANY - The constitution of the Deutsche Bundesbank's new board was settled Friday, a month after lawmakers agreed to adapt the central bank's structure to the era of the European single currency.
Deutsche Bundesbank Annual Accounts for 2001
PRESS RELEASE - Deutsche Bundesbank Annual Accounts for 2001, 11 April.
Deutsche Bundesbank Press Release, 11 April
PRESS RELEASE - Appointment of external auditors of the annual accounts for 2002.
Deutsche Bundesbank, Annual Accounts 2001
REPORT - Annual Accounts of the Deutsche Bundesbank for 2001, Offprint from the Annual Report for 2001.
Gold market calmer on Welteke reassurance
GERMANY - The gold market was reassured by the statement made by Bundesbank President Ernst Welteke on Thursday that the international agreement limiting gold sales by central banks was worth extending once it expired at the end of 2004 and that any…
WGC responds to speculation on Buba gold reserves
GERMANY - The World Gold Council has responded to speculation arising out of recent statements made by the President of Germany's Bundesbank and others by giving its reasons why the Deutsche Bundesbank should continue to hold its gold reserves.
Welteke flags Buba may sell gold, buy stocks
GERMANY - Bundesbank President Ernst Welteke on Monday surprised central bank watchers by signalling the bank might consider selling part of its gold reserves and reinvesting the proceeds in shares as well as in bonds.
Buba's Welteke says 2002 hard for German banks
GERMANY - Bundesbank President Ernst Welteke said on Friday 2002 would be a difficult year for German banks and urged the sector to take measures to counter falling results and weak international competitive power.
German finance ministry, Buba spurn gold sale call
GERMANY - The German Bundesbank and finance ministry on Tuesday rejected suggestions by some government politicians that holes in the public purse could be plugged by the sale of gold and foreign exchange reserves.
Welteke: Past rate cuts will still show effect
GERMANY - Current price developments in the euro zone are "positive", but past interest rate cuts have yet to fully show their effect, Deutsche Bundesbank President Ernst Welteke said Wednesday.