Weidmann to step down as Bundesbank president

Jens Weidmann
Jens Weidmann
Photo: Deutsche Bundesbank/Tim Wegner

Jens Weidmann will cease to be president of the Deutsche Bundesbank at the end of 2021, he said in a statement today (October 20).

The announcement came as a major surprise, as he had been reappointed for a second eight-year term in April 2019.

Bundesbank president since May 2011, Weidmann said he has asked Federal president Frank-Walter Steinmeier to be released from office, citing “personal reasons”.

“I have come to the conclusion that more than 10 years is a good time to start a new

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