Europe

Deutsche Bundesbank

Too few recent speeches for a current tone.

Speeches: 34
First speech: Dec 28, 1996
Latest speech: Dec 16, 1998
Tone vs coming rate moves: Not tested; too few speeches or no published rate

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.

Date	Speech	Tone
Dec 16, 1998	Mr Meister remarks on the role of credit institutions against the background of banking supervision (Central Bank Articles and Speeches, 16 Dec 98) Edgar Meister	−0.01
Dec 4, 1998	Mr Stark discusses the worldwide currency situation and international monetary cooperation (Central Bank Articles and Speeches, 4 Dec 98) Jürgen Stark	−0.17
Dec 4, 1998	Mr Tietmeyer looks at the euro as a stabiliser in the international economic system (Central Bank Articles and Speeches, 4 Dec 98) Hans Tietmeyer	−0.11
Nov 15, 1998	Mr. Schieber considers the impact of EMU on the banking structure in Europe Helmut Schieber	−0.06
Oct 30, 1998	Mr. Hartmann's welcoming remarks at the Year 2000 meeting in Frankfurt (Central Bank Articles and Speeches, 30 Oct 98) Wendelin Hartmann	−0.07
Oct 30, 1998	Mr. Meister reports on the Year 2000 problem from the perspective of German banking supervisors (Central Bank Articles and Speeches, 30 Oct 98) Edgar Meister	+0.22
Oct 15, 1998	Mr. Tietmeyer considers the euro: a challenge to, and opportunity for, the financial markets (Central Bank Articles and Speeches, 15 Oct 98) Hans Tietmeyer	−0.03
Oct 12, 1998	Mr. Meister reviews the response of bank supervisors to the growing competition within EMU (Central Bank Articles and Speeches, 12 Oct 98) Edgar Meister	−0.05
Oct 6, 1998	Mr. Tietmeyer's statement as Governor of the Fund for Germany (Central Bank Articles and Speeches, 6 Oct 98) Hans Tietmeyer	+0.04
Oct 2, 1998	Mr. Tietmeyer discusses prospects for Latin America in a volatile world (Central Bank Articles and Speeches, 2 Oct 98) Hans Tietmeyer	−0.03
Sep 24, 1998	Mr. Hartmann discusses the introduction of the euro and its impact on payment systems (Central Bank Articles and Speeches, 24 Sep 98) Wendelin Hartmann	−0.06
Sep 11, 1998	Mr. Meister discusses the future of money and financial services (Central Bank Articles and Speeches, 11 Sep 98) Edgar Meister	−0.04
Jul 2, 1998	Mr. Tietmeyer discusses the role of the IMF in the global economy (Central Bank Articles and Speeches, 2 Jul 98) Hans Tietmeyer	−0.09
May 18, 1998	Mr. Tietmeyer discusses the benefits, opportunities and pitfalls of financial and monetary integration (Central Bank Articles and Speeches, 18 May 98) Hans Tietmeyer	−0.06
May 8, 1998	Mr. Gaddum discusses the euro, US dollar and the world economy Jürgen Stark	−0.03
May 7, 1998	Mr. Tietmeyer discusses EMU - after the Brussels Summit (Central Bank Articles and Speeches, 7 May 98) Hans Tietmeyer	+0.00
May 5, 1998	Mr. Tietmeyer's address at the International Frankfurt Banking Evening (Central Bank Articles and Speeches, 5 May 98) Hans Tietmeyer	+0.11
Apr 20, 1998	Mr. Hartmann reports on the driving forces behind current changes in payment and settlement systems (Central Bank Articles and Speeches, 20 Apr 98) Wendelin Hartmann	−0.06
Mar 20, 1998	Mr. Issing discusses the European Central Bank as a new institution and the problem of accountability (Central Bank Articles and Speeches, 20 Mar 98) Otmar Issing	+0.08
Mar 5, 1998	Mr. Tietmeyer reviews the Central Bank Council of the Deutsche Bundesbank on its 50th anniversary (Central Bank Articles and Speeches, 5 Mar 98) Hans Tietmeyer	+0.01
Feb 27, 1998	Mr. Meister asks whether supervisory capital standards should be modernised or redesigned Edgar Meister	−0.04
Feb 12, 1998	Mr. Tietmeyer considers the challenge of the euro for Europe (Central Bank Articles and Speeches, 12 Feb 98) Hans Tietmeyer	−0.01
Jan 30, 1998	Mr. Hartmann reviews the standardisation in cross-border payments in the light of European economic and monetary union (Central Bank Articles and Speeches, 30 Jan 98) Wendelin Hartmann	−0.04
Jan 13, 1998	Mr. Tietmeyer discusses prospects and challenges for European integration in the run-up to EMU Hans Tietmeyer	−0.11
Jan 4, 1998	Mr. Issing comments on the problem of credibility of the European Central Bank (Central Bank Articles and Speeches, 4 Jan 98) Otmar Issing	+0.07
Nov 27, 1997	Mr. Tietmeyer considers the euro as a denationalised currency (Central Bank Articles and Speeches, 27 Nov 1997) Hans Tietmeyer	−0.02
Oct 28, 1997	Mr. Tietmeyer asks whether the euro can assume the role of a major international currency (Central Bank Articles and Speeches, 28 Oct 97) Hans Tietmeyer	+0.02
Oct 24, 1997	Mr. Issing considers the future role of the euro in the international financial system (Central Bank Articles and Speeches, 24 Oct 97) Otmar Issing	−0.04
Oct 14, 1997	Mr. Gaddum discusses Germany as a financial centre and the strengths of the German capital market of today (Central Bank Articles and Speeches, 14 Oct 97) Johann Wilhelm Gaddum	+0.01
Jun 19, 1997	Mr. Tietmeyer emphasises that monetary stability is a perpetual challenge (Central Bank Articles and Speeches, 19 Jun 97) Hans Tietmeyer	+0.03
Mar 14, 1997	Prof. Tietmeyer discusses the relationship between economic convergence and EMU (Central Bank Articles and Speeches, 14 Mar 97) Hans Tietmeyer	+0.00
Mar 3, 1997	Prof. Tietmeyer expresses his praise for Dr. Duisenberg as the committed champion of stability (Central Bank Articles and Speeches, 3 Mar 97) Hans Tietmeyer	−0.02
Feb 13, 1997	Herr Gaddum gives his views on the challenges facing European central banks in the light of EMU (Central Bank Articles and Speeches, 13 Feb 97) Johann Wilhelm Gaddum	−0.02
Dec 28, 1996	Prof. Tietmeyer discusses the Bundesbank's commitment to stability (Central Bank Articles and Speeches, 28 Dec 96) Hans Tietmeyer	+0.06

Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.