What consequences does the remuneration of central bank reserves have for the profits of commercial banks and central banks? Economist Paul De Grauwe from the London School of Economics addressed this topic as part of a talk given at the Bundesbank on 4 September 2023.

Benjamin M. Friedman, the William Joseph Maier Professor of Political Economy at Harvard University, addressed central banks’ battle against inflation and the implications for monetary policy in a speech delivered on 7 July 2023.

Here you will find the module catalogue for the B.Sc. in Central Banking.

Welcome address by Bundesbank President Joachim Nagel

Welcome address by Sabine Mauderer and Keynote speech by Geoffrey Heal

Chair: Nicola Ranger

Here you can view aerial and close-up footage of the temporary headquarters of the Bundesbank’s Central Office in Frankfurt am Main. Media outlets can request video footage (in HD resolution) via the Bundesbank’s Press Office.

For the Bundesbank, it is of high importance to identify changes in expectations in society at large at an early stage and to take them into consideration as soon as possible in monetary policy decision processes. Thus, the Bundesbank is analysing households’ expectations about future economic developments in Germany in a multi-year study, measured, amongst other things, in terms of the expected development of the inflation rate and property prices.

Annual Report: Bundesbank resorts to risk provisioning for 2022.

The monetary policy turnaround shaped the Bundesbank’s balance sheet last year. The profit and loss account for 2022 reported a distributable profit of zero. This result was achieved by tapping €1 billion worth of risk provisions. As in the previous years, no profit was transferred to the Federal budget. “The Bundesbank sustained exceptional financial burdens in 2022,” Bundesbank President Joachim Nagel explained with regard to the annual accounts.