The markets in principle perform the function of envisaging future monetary policy based on economic and price conditions and also perform the function of forming interest rates.
Joachim Nagel: Statement - Annual Report 2022 Introductory statement by Dr Joachim Nagel, President of the Deutsche Bundesbank, at the press conference presenting the Annual Report 2022, Frankfurt am Main, 1 March 2023. ***  1 Words of welcome Ladies and gentlemen, I would like to welcome you to the presentation of the Bundesbank's Annual Report 2022.