Deutsche Bundesbank
a.k.a. Bundesbank, Buba
Germany's central bank, once the guardian of the Deutsche Mark and now part of the euro system.
In plain English
Germany's central bank, once the guardian of the Deutsche Mark and now part of the euro system.
The Bundesbank ran Germany's money from 1957 until the euro arrived, earning a fierce reputation for fighting inflation. Many of its ideas shaped the ECB.
Today its president sits on the ECB Governing Council, and its views, often on the hawkish side, are still closely watched by euro traders.
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