Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank (Buba) President Joachim Nagel insisted on Monday that it is "crucial" to keep public finances "solid" both in the Eurozone and Germany.Speaking before the Berlin School of Economics, Nagel outlined his proposal...
Germany's economy contracted by 0.2% in the fourth quarter of 2024, according to the Bundesbank's latest monthly report published on Monday. The Federal Statistical Office's flash estimate showed that weaker exports and a downturn in key industrial sectors contributed to the decline.Industrial...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel emphasized the significant financial demands of the European Union’s transition to a greenhouse gas-neutral economy in a speech at the Adam Smith Business School on Thursday.Nagel...
The German economy is unlikely to escape the prolonged period of stagnation in the first quarter of 2025, the Deutsche Bundesbank said in its monthly report on Wednesday.Inflation is projected to stay high in the early months of 2025, mostly due to further increases in the carbon price of fossil fuels...
Deutsche Bundesbank President Joachim Nagel underlined on Friday in a speech that it is clear the German economy is going through a "pronounced [period of] weakness," with gross domestic product expected to increase only 0.2% in 2025.He stressed that the next federal government needs to...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank (Buba) President Joachim Nagel told Die Zeit on Wednesday that United States President-elect Donald Trump's promised tariffs on certain goods and services from the European Union could cost Germany 1% of...
The Deutsche Bundesbank said in its monthly report on Thursday that the German economy is likely to stagnate or decline in the third quarter owing to weak manufacturing activity, investment and consumer spending. However, the bank said there is no indication of a "significant, broad-based and...
The Bundesbank (Buba) predicted in its report released on Tuesday the German economic output might experience slight growth in the third quarter of 2024.In its monthly statement, Germany's central bank projected a rise in private consumption and services, and a decline in construction and...
European Central Bank (ECB) Governing Council member and Bundesbank President Joachim Nagel stated on Tuesday that there is no automatic mode for lowering interest rates. "We don't cut interest rates on autopilot," the central banker said in an interview with Tagesspiegel. Nagel further said that...
President of the Deutsche Bundesbank and member of the European Central Bank's (ECB) Governing Council Joachim Nagel (pictured) stated on Monday that the ideal time for the ECB to implement a full rate descent has not yet arrived.
"One thing is out of the question for me: we have to...
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