Deutsche Bundesbank
Buba 2000 profit at around DM 16bn - magazine
Germany's Bundesbank is expected to post a profit of around 16 billion marks ($7.42 billion) for 2000, Der Spiegel magazine said on Feb 23, 2001.
Buba Remsperger - German growth seen slower in '01
Economic growth in Germany in 2001 will be slower on average than in 2000, Deutsche Bundesbank Chief Economist Hermann Remsperger said Feb 23, 2001 in an interview with German news agency VWD.
Bundesbank joins Frankfurt regulator to slow Basel
Germany's central bank and banking regulator are joining forces in an effort to slow consideration of the new Basel Capital Accord, or Basel II, which aims to modernize the way banks globally account for risk.
Buba-German economy grew 0.25 pct q/q in Q4 2000
The Bundesbank said on Feb 21, 2001 the German economy grew at a reduced pace in the final months of 2000, expanding by a seasonally adjusted 0.25 percent in real terms from the third quarter.
Welteke - upside price risk diminished,not faded
Upside risks to price stability in the euro zone have diminished but the all-clear can't be given yet, Deutsche Bundesbank President Ernst Welteke said on Feb 20.
Buba profit seen at 11bn DM in 2000/2001-magazine
The Bundesbank is set to transfer to the government 11 billion marks ($5.15 billion) in profits both in 2000 and 2001 but the sum will likely be halved next year after the launch of euro cash, the Focus magazine said on Feb 18, 2001. The magazine said,…
Buba Stark-EU fin min council should censure Irish
Ireland should be censured by the full council of European Union finance ministers, for not adhering to its commitment to tighter fiscal policy, Deutsche Bundesbank Vice President Juergen Stark said on Feb. 9, according to German newspaper Boersen…
Buba's Stark says ECB should meet less often
The European Central Bank should hold council meetings once a month rather than every two weeks, Bundesbank Vice President Juergen Stark said in remarks published on Feb 8, 2001. Stark, who is not a member of the ECB's council and has no say in ECB…
ECB's Trichet - European growth to continue strong
European Central Bank council member and Bank of France governor Jean-Claude Trichet said on Feb. 7, 2000 growth in Europe will continue "at a reasonable, strong pace." There were, however, downside risks to real gross domestic product growth, he told a…
New German debt mgmt agency wants shorter maturity
The average time to maturity of current German government bonds should be cut markedly, the chief executives of the country's new private debt management agency told the Friday [Feb 2, 2001] edition of the financial daily Boersenzeitung. This will be one…
Duisenberg slams plan to curb Buba oversight role
European Central Bank President Wim Duisenberg on Feb. 1, 2001, attacked German government plans to strip the Bundesbank of its banking watchdog duties, saying the move may make it harder to supervise the financial system. In unusually strong tones even…
ECB rates on hold for now, Fed moves key - Welteke
The European Central Bank's interest rate policy is on hold for the time being, though another sharp cut from the U.S. Federal Reserve would force European policymakers to carefully assess their stance, Bundesbank President ECB board member Ernst Welteke…
Eichel plans to strengthen role of Buba president
German Finance Minister Hans Eichel Jan. 25 presented his proposal for streamlining the Deutsche Bundesbank, aimed at strengthening the position of the bank's president at the expense of the nine regional bank heads. But likely opposition to the plans in…
Buba repeats it opposes single financial watchdog
The Bundesbank on Jan. 25 reiterated its opposition to Finance Ministry plans to strip it of its banking oversight functions and to bundle all financial system supervision in one federal institution. The central bank said in a statement it was not…
Buba tells Euro politicians to keep hands off ECB
Germany's central bank warned European finance ministers on Jan. 24 not to interfere with the European Central Bank after signs that some politicians were lobbying for more policy influence.The Bundesbank said in its January monthly report that the Euro…
Welteke-far too soon to signal lower ECB rates
Bundesbank President Ernst Welteke said on Dec 21 Europe was well equipped to withstand an economic slowdown in the United States and that it was far too soon to signal lower interest rates in the euro zone.
Welteke to stay out of Buba reform - Falthauser
The finance minister of the German state of Bavaria, Kurt Falthauser, has called for Bundesbank President Ernst Welteke to refrain from commenting in public on the issue of reforming the central bank, German newspaper Boersen Zeitung said Sunday.
Buba's Welteke says ECB rates appropriate now
Bundesbank President Ernst Welteke said on Tuesday that current Eurozone interest rates were appropriate and reiterated that the European Central Bank's monetary policy was not hampering economic growth.
Welteke against hasty Emu entry for new members
One day after the signing of the agreement in Nice, Bundesbank President Ernst Welteke has warned against the hasty acceptance of new members into the EU's monetary union.
Buba's Reckers-no need for change in ECB rates
Bundesbank council member Hans Reckers said on Monday that the European Central Bank had no need to change interest rates in the foreseeable future.
EC put pressure on Germany's Landesbank reform
The following is an article from The Economist magazine entitled "Under pressure from the European Commission, Germany's public-sector banks are thinking openly about reforming themselves."
Buba says many points in Basel Accord unresolved
Germany's Bundesbank said on Thursday regulators had left many points unresolved after meeting in New York this week to review changes to the Basel Accord on global banking regulations.
Welteke plays down EMU warnings ahead of Nice
Bundesbank President Ernst Welteke on Thursday played down his earlier warnings about allowing eastern European countries into the Eurozone too soon, just as a difficult summit on EU enlargement started in Nice.
Welteke - cannot say yet if euro turned around
Bundesbank President Ernst Welteke on Thursday said he could not tell whether the euro has already turned the corner, adding that the currency's further performance depended on US economic growth.