Inflation in Europe's largest economy Germany clambered higher in December, official data showed Friday, but remained short of the European Central Bank's target for the 19-nation eurozone.
Germany's central bank said on Friday it had sharply downgraded its economic growth forecast for 2018 but grew more optimistic for next year, saying the present boom should continue although the
danger of a trade war is rising.
Wages in Germany have grown much
faster than in other eurozone countries in recent years, a Bundesbank (central bank) study published Monday found, reversing conditions seen before the
financial crisis that stoked intra-European resentment.
All that glitters is definitely gold in a new exhibition at Germany's central bank that lifts the veil on the nation's massive reserves of the precious metal, partly to reassure sceptics that the prized ingots are really there.
Germany's central bank said on Thursday it sped up the process of bringing its gold home from foreign vaults in 2016, moving more than 200 tonnes from New York and Paris.
Former Bundesbank president Hans Tietmeyer, a key architect of the euro who oversaw its introduction in
Germany, has died at the age of 85, the central bank announced Wednesday.
Germany issued a 10-year bond at a negative interest for the first time on Wednesday, selling more than €4.0 billion with a yield of minus 0.05 percent, the German central bank or Bundesbank said.
On Feburary 1st, bank customers' old-style bank account numbers and routing numbers will no longer be valid – but authorities fear that many people are unaware of the change.
Many of the refugees arriving in Germany could initially find it difficult to get a job because of their young age and lack of qualifications, the German central bank or Bundesbank said on Monday.
The German central bank or Bundesbank on Friday said it was upbeat about the outlook for expansion in Europe's biggest economy, upgrading its growth forecast for 2017.
Jens Weidmann, the president of the Bundesbank (German central bank), said on Wednesday that Germany will face the future stronger if it successfully integrates refugees and other immigrants.
The European Central Bank should not provide any more emergency liquidity to Greece, the head of the German central
bank said on Thursday, calling for any further financial aid to the debt-wracked country to be put up by governments.
Chancellor Angela Merkel said on Thursday that while she wanted to keep Greece in the eurozone, it was time for the country to make some compromises with its neighbours.
Economic growth in Germany has picked up faster than expected thanks to low unemployment, higher wages and the weak euro, raising forecasts for the coming years, the German central bank, or
Bundesbank, said on Friday.
Germany's total debt increased slightly in 2014, but because the economy grew, its proportion of overall output fell, the Bundesbank (central bank) said on Wednesday.
The head of the German central bank on Thursday described the decision by the EU Commission to grant France a two-year delay to reach its budget targets as problematic.
Vice-Chancellor Sigmar Gabriel urged Greece to be "fair" to other EU member states, after the Bundesbank warned that ending the country's bailout programme would have "fatal consequences".
The head of Germany's central bank on Saturday voiced his "scepticism" about the ECB's decision to launch a trillion-euro bond-buying programme in a bid to ward off deflation and boost the eurozone economy.
ECB board member Sabine Lautenschläger has disputed in a magazine interview that the eurozone is now experiencing deflation and expressed scepticism about the central bank buying up sovereign bonds.
The German economy, Europe's biggest, will continue to show little sparkle at least until the end of the year, the central bank (Bundesbank) predicted on Monday.
The head of Germany's powerful Bundesbank sharply criticised what he called a radical new approach by the European Central Bank of easy money, in an interview published Sunday.
Germany's central bank expects Greece to receive another bail-out loan later this year or by early 2014, the German weekly Der Spiegel reported Sunday, citing an internal Bundesbank document.
