Deutsche Bundesbank Vice President Claudia M. Buch Speech reflects the official position of German's central bank regarding the country's financial system.
Claudia Maria Buch has been the Vice President of the Bundesbank since 2014. In this position, she oversees Bank's financial stability, internal audit and statistics related activities. She is also the person accompanying the president at the ECB Governing Council.
The influence of Vise President's speeches is second in power after The President's speeches. The Vise President has access to the full information on the intentions of the Bundesbank on monetary policy. Therefore, her speeches are closely monitored by analysts and economists.
As a result, depending on the speech topic and the wording, the exchange rate of the euro can be influenced more or less in the short-term.