“It is right that the ECB stays the course in stamping out stubborn inflation. Today’s interest rate hike of 25 basis points represents a fine-tuning of its monetary policy. The key interest rates are well above the three percent mark and the gradual increases need time to take effect,” said Heiner 

Herkenhoff: ECB remains determined to stamp out inflation

“Getting inflation down continues to be the ECB’s top priority, that is important. Even after today’s interest rate hike, it is too soon to sound the all-clear for inflation in the euro area,“ said Henriette Peucker, Deputy Chief Executive of the Association of German Banks, about today’s ECB meetin

Peucker: Inflation remains stubborn

The European Central Bank (ECB) wants to review its monetary policy strategy. The Association of German Banks welcomes this project. Our position paper is intended to make a constructive contribution to the public debate.

Strategy review of the European Central Bank

The European Commission launched its consultation on the digital euro. In a statement about the consultation, Tobias Tenner, Head of Digitalisation, emphasises the importance of a commercial bank money token.

Digital euro must strengthen Europe’s sovereignty

The economic outlook by the chief economists of Germany’s private banks is subject to considerable uncertainty this spring.

War in Ukraine will leave significant scars on the German economy

The ECB should take active account of climate policy aspects only in the context of a “secondary” objective subordinate to its mandate to maintain price stability. The most suitable instrument for this purpose would be the eligible collateral framework.

Green monetary policy – what instruments are most suitable?

“We very much welcome the ECB’s decision to press ahead with its plans for a digital euro,” said Andreas Krautscheid, Chief Executive of the Association of German Banks.

Krautscheid: ECB plans to press ahead with digital euro

In a policy paper, the German Banking Industry Committee (GBIC) for the first time sets out detailed thoughts on the design of a “digital euro”. In this paper, experts from Germany’s five national banking associations draw up an ecosystem of innovative forms of money that extends far beyond the idea of digitalised central bank money, which is referred to as Central Bank Digital Currency (CBDC).

German Banking Industry Committee: Policy paper on “digital euro”

Payment and financial services are currently undergoing an extensive process of digital transformation. We have identified six principles which will help to realise these economic and societal benefits.

Improving customer protection, competitive equality, financial stability

Depending on its design, the introduction of a digital euro by the Eurosystem has the potential to change the geometry of the European banking system fundamentally. The German Banking Industry Committee is therefore discussing the ECB's determinations and has commented on the digital euro through its participation in the public consultation process.

ECB

Current articles

Herkenhoff: ECB remains determined to stamp out inflation

Peucker: Inflation remains stubborn

Strategy review of the European Central Bank

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