Bundesbank

Germany Is Bringing Home the Gold: 1,950 Tons of It

A German newspaper reports the country's central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from storage sites in the United States and in France.

Bundesbank Raises Germany Growth Forecast

Germany%u2019s central bank raised it growth forecast for the country after a second quarter in which the economy expanded its most rapid rate in two decades. The Bundesbank said that Germany%u2019s gross domestic product will increase by about 3% in 2010, Bloomberg News said. The bank had previously forecast growth of 1.9%.