· Joachim Nagel Wiki · Deutsche Bundesbank WikiPresentation of the Deutsche Bundesbank's Annual Report 2024
Read full speech on bis.org ↗ContextIntroductory statement by Joachim Nagel, President of the Deutsche Bundesbank, at the press conference presenting the Annual Report 2024, Frankfurt am Main, 25 February 2025.
Why it mattersThe Bundesbank reports losses from past bond purchases and expects earnings to recover as rates fall.
Problems raised
- Uncertainty about inflation is high.
- The Bundesbank faces losses.
- Households worry about inflation costs.
Solutions proposed
- Take one step at a time on rates.
- Expect earnings to improve as rates fall.
- Watch households' inflation concerns.