Deutsche Bundesbank

Sabine Mauderer, Vice President of the Deutsche Bundesbank, warns that fossil fuel dependence poses a location risk for Germany and Europe, calling for significantly faster progress on energy transition and setting clear policy expectations.

Bundesbank President Joachim Nagel expresses doubt about geopolitical de-escalation in the Middle East, warning that much can change in 60 days. His concerns relate to potential disruptions at the Strait of Hormuz and their inflationary implications for the Eurozone economy.