Bundesbank

Tariffs will leave everyone worse off, Bundesbank chief warns

GERMANY’S top central bank warned against trade levies, a day after US President Donald Trump reiterated a call for the European Union to buy more American oil and gas if the bloc wants to avoid tarif...

German Bundesbank president Joachim Nagel urged highly indebted countries to consolidate their public finances.

German economy may contract in 2024, Bundesbank chief Nagel says

Economic uncertainty prevents consumption in the country from picking up as expected, even as real income gains

Bundesbank President Joachim Nagel says that the time intervals between potential steps may vary depending on the incoming data.

Eurozone inflation not where ECB wants it to be, Bundesbank chief says

EUROZONE inflation is still not as low as the European Central Bank (ECB) would like, so interest rates need to remain sufficiently high to resolve price pressures, Bundesbank president Joachim Nagel ...

The Bundesbank says it lost 21.6 billion euros (S$31.4 billion) last year, wiping out nearly all of its provisions

German, Dutch central banks post big losses, warn of more

THE German and Dutch central banks on Friday (Feb 23) posted multi-billion euro losses for 2023 and predicted more financial pain ahead, suggesting that they are unlikely to pay dividends into state c...

“A recession in the sense of a significant, broad-based and prolonged decline in economic output cannot be identified and is currently not expected,” says the Bundesbank in its monthly report.

German recession doesn’t mean severe downturn, Bundesbank says

The German economy isn’t facing a severe downturn even if it may be in a recession right now, according to the Bundesbank.

The price of owner-occupied residential property falls by just over 4 per cent last year according to industry data.

German homes are still overvalued despite price drop: Bundesbank

GERMAN homes are still overvalued despite a fall in prices last year as the cost of mortgages spiked, the country’s central bank said on Monday (Feb 19).

Instead of loosening policy, Bundesbank chief Joachim actually made the case for further tightening via a “significantly” smaller balance sheet.

ECB rate hikes not necessarily over, says Bundesbank chief

The European Central Bank may need to raise interest rates again if the inflation outlook worsens, and the bank should not rush to ease policy too quickly after the steepest set of rates hikes on reco...

“We need the patience to wait for the full effect of policy tightening on inflation to materialise,” says Bundesbank President Joachim Nagel.

ECB must resist urge to cut rates early, says Bundesbank chief

The European Central Bank must resist any temptation to cut interest rates early as the most difficult part of fighting off the recent inflation surge could still be ahead, Bundesbank President Joachi...