
	New interest rate reduction in response to economic troubles
	Interest rate reductions have not helped: economic growth remains stubbornly low


The European Central Bank (ECB) reduced interest rates again today. “This is a stronger response from the ECB to the economic troubles in the Eurozone

Herkenhoff: ECB must not switch to ‘autopilot’ on interest rate policy


	Erneute Zinssenkung trägt Konjunktursorgen Rechnung
	Zinssenkungen lösen hartnäckige Wachstumsschwäche nicht


Die Europäische Zentralbank (EZB) hat heute erneut die Zinsen gesenkt. „Damit hat die EZB den Konjunktursorgen im Euroraum stärker Rechnung getragen“, sagt Heiner Herkenhoff, Hauptge

Herkenhoff: EZB darf bei Zinspolitik nicht auf Autopilot schalten


	Konsum und Investitionen bleiben hinter Erwartungen zurück
	Leichte Belebung erst im kommenden Jahr
	Deutliche Signale für Aufbruchstimmung nötig


Die Chefvolkswirte der privaten Banken haben ihre Einschätzung zur konjunkturellen Entwicklung in Deutschland angepasst. Nachdem sie im Frühjahr

Konjunkturprognose: Wirtschaftsbelebung verschiebt sich auf 2025


	&nbsp;Association of German Banks on the ECB’s Governing Council Meeting: right to cut interest rates
	ECB not yet able to switch to ‘relaxation mode’


Heiner Herkenhoff, CEO of the Association of German Banks supports today’s announcement by the European Central Bank (ECB) that it will cut 

Herkenhoff: continued sensitivity required from the ECB


	The Association of German Banks reflects on the ECB’s decision
	The risk of inflation is still present
	Avoid overly optimistic economic predictions


The European Central Bank (ECB) has, as expected, responded to the fact that the risk of inflation has abated significantly since Autumn of l

Further reduction in ECB interest rates is not inevitable

Innovative business ideas, new products or exciting projects require seed money. Crowdfunding or investing is one of many options for acquiring seed money and getting your project on the market. But what is crowdfunding? And what is the difference between crowdfunding and crowdinvesting? What are th

Crowdfunding: what to consider

Nagel: European deposit protection would have many advantages

Silvia Schütte works at the Association of German Banks in the Banking Supervision and Accounting team, among other assignments. Macroprudential supervision is one of her key remits. An expert on the subject, she has taken the time to answer three fundamental questions about this complex topic.&nbsp

3 answers to 3 questions: macroprudential instruments

“The European Central Bank has made the right decision not to end interest rate hikes prematurely. By doing so, it is staying the course on its monetary policy,” said Heiner Herkenhoff, Managing Director of the Association of German Banks, on today’s ECB Governing Council meeting. 

‘ECB have made the right decision’ says Herkenhoff

“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 

Interest rates

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Herkenhoff: ECB must not switch to ‘autopilot’ on interest rate policy

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