Weidmann to Step Down as Bundesbank President by Year’s End

Jens Weidmann announced his resignation from the German Central Bank for personal reasons after a decade of service. His tenure was marked by significant influence on the European Central Bank's policies, especially during various economic phases. As the ECB approaches decisions on post-crisis measures, Weidmann's departure raises questions about future policy directions. At 53, his career prospects remain open, though a mandatory cooling-off period applies before he can join financial institutions.

Why is Jens Weidmann leaving his position at the German Central Bank?

• He is leaving for personal reasons.

• He is retiring from his career.

• He was asked to leave by the ECB.

• He was promoted to a higher position.

What significant event is the ECB preparing for as Jens Weidmann departs?

• A new currency launch.

• An interest rate hike.

• Post-crisis stimulus measures.

• A merger with another central bank.

What has Jens Weidmann been particularly cautious about during his tenure?

• Interest rate cuts.

• Asset purchases.

• Currency devaluation.

• Bank mergers.

What is the cooling-off period for a Governing Council member before joining a financial institution?

• 9 months

• 6 months

• 12 months

• 18 months

At what age is Jens Weidmann leaving his position, and what does this imply about his future?

• 65, indicating he is retiring.

• 60, indicating he is likely retiring.

• 53, indicating he has many future opportunities.

• 45, indicating he is starting a new career.