· Joachim Nagel Wiki · Deutsche Bundesbank WikiSpeech at the ceremony marking the change of office at the Regional Office in Bavaria
Read full speech on bis.org ↗ContextSpeech in Munich at a change-of-office ceremony at the Bundesbank's regional office in Bavaria; the Bundesbank is Germany's central bank and relies on its regional network.
Why it mattersNagel discusses weak bank profitability as rates rise.
Problems raised
- Banks' profitability is weak.
- Inflation is rising.
- Low rates hurt banks.
Solutions proposed
- Address bank profitability.
- Raise rates as inflation rises.
- Maintain regional presence.