Frankfurt has always been the mainstay of the good relations between our two countries. The Deutsche Bundesbank is not just an onlooker with regard to promoting German-Chinese relations; it also makes its own active contribution.
We need to make efforts to avoid falling into this trap and to break free from the habit of groupthink. It is essential to develop an institutional culture in which a variety of information vital to decision making in monetary policy – related to the macroeconomy, financial markets, and financial institutions – is fully utilized in a wellbalanced manner.