Finance › Speeches › Joachim Nagel

Presentation of the Deutsche Bundesbank's Annual Report 2025

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

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics

JN
· Joachim Nagel Wiki · Deutsche Bundesbank WikiPresentation of the Deutsche Bundesbank's Annual Report 2025

ContextIntroductory statement by Joachim Nagel, President of the Deutsche Bundesbank, at the press conference presenting the Annual Report 2025, Frankfurt am Main, 5 March 2026.

Why it mattersThe Bundesbank's yearly results presentation, explaining its accumulated loss and its view of the war's impact on Germany.

Problems raised
  1. The Middle East war's impact depends on its duration.
  2. Germany faces many economic challenges.
  3. The Bundesbank has an accumulated loss.
Solutions proposed
  1. Decide carefully whether policy needs to change.
  2. Rely on Germany's institutions, research and skills.
  3. Use future profits to cover losses and rebuild provisions.
Read full speech on bis.org ↗

More from Joachim Nagel · Deutsche Bundesbank · all speeches

More speeches by Joachim Nagel

Other leaders on trade, fragmentation and geopolitics