Bundesbank Market News

As the national central bank of Europe's largest economy and a founding member of the European Central Bank, Germany's Bundesbank has historically been one of the key powerbrokers in the union. Founded in 1957, its central office is in Frankfurt, where Jens Weidmann, a former adviser to chancellor Angela Merkel, has presided over the six-member Executive Board since 2011. In 2019 Weidmann was reappointed for a further eight years, and in 2021 a third three-year term as chairman of the Board of Directors of the Bank for International Settlements (BIS) was confirmed. Traditionally conservative, in recent years the Bundesbank has been a dissenting voice at the ECB as it has introduced and expanded its use of non-standard monetary policy tools, while warning of the financial stability risks posed by ongoing asset purchase programmes.