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Speech to mark the inauguration of the new President of the Deutsche Bundesbank

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, financial stability

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiSpeech to mark the inauguration of the new President of the Deutsche Bundesbank

ContextSpeech at the virtual ceremony marking the change of president at the Bundesbank; the Bundesbank is Germany's central bank within the euro system and faces rising inflation.

Why it mattersNagel takes office promising to safeguard price stability.

Problems raised
  1. Inflation uncertainty is high.
  2. Vulnerabilities build up.
  3. Interest rate risk exists.
Solutions proposed
  1. Adapt monetary policy to safeguard price stability.
  2. Monitor vulnerabilities.
  3. Lead the Bundesbank.
Read full speech on bis.org ↗

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