1 The Bundesbank has openly criticised the German Government.

2 As for the Bundesbank, its policy-making council meets Thursday.

3 The Bundesbank is under pressure to lower interest rates.

4 The Bundesbank tightened monetary policy sharply in 1965.

5 Bundesbank reform On June 17 the Bundestag gave final approval to controversial legislation reforming the structure of the federal banking system.

6 The Bundesbank central council meets tomorrow to debate interest-rate and monetary policy.

7 Bundesbank officials have predicated another cut in the discount rate on the pace of money supply growth.

8 The Bundesbank officially bases its interest rate policy on M3 growth and sets a growth target each year.

9 The Bundesbank last cut its discount rate to 3. 0 percent from 3. 5 percent on Dec. 14.

10 The Bundesbank left the discount rate, the floor for money market rates, unchanged at 3 percent last week.

11 Financial analysts now say the Bundesbank may choose to cut interest rates, wark against inflation, not an economic spur.

12 The Bundesbank central council will meet Thursday to debate interest-rate and monetary policy.

13 Bundesbank officials have been fretting in public about rising bond yields and the weaker D-mark.

14 The Bundesbank has warned that monetary union will fail because Maastricht did not go far enough on political union.

15 The Bundesbank tracks M3 money-supply growth as a leading indicator of inflation.

16 Some economists forecast the Bundesbank will take until April to lower the rate to 3. 40 percent by April.

17 Today, the Bundesbank shifted back to variable-rate securities repurchase agreements for its weekly lending to commercial banks.

18 The pessimistic tone provides little hope that the Bundesbank will provide scope for Britain to reduce interest rates.

19 Sept. 14: The Bundesbank cuts the Lombard rate by 0.25 percentage points and the discount rate by 0.5 percentage points.

20 The Bundesbank is expected to report on M3 growth in December this week.

21 The Bundesbank last trimmed a half point off the official discount and Lombard rates on Dec. 14.

22 And the Bundesbank is starting to bolster the hopes rates will be cut.

23 Council member Helmut Hesse said the Bundesbank is likely to cut interest rates again if money supply growth fails to pick up.

24 The Bundesbank left its discount rate unchanged yesterday, after lowering a key money-market rate Wednesday.

25 The Bundesbank cut its discount rate 3.5 % , the lowest level in seven years.

26 On Thursday Mr Lawson, his hand forced by the Bundesbank, raised the minimum lending rate from 14 to 15 percent.

27 When as Chancellor he was preparing to enter in 1985, he said, tacit agreement had been reached with the Bundesbank.

28 A report showing falling business confidence lifted hopes that slowing economic growth will prompt the Bundesbank to cut rates soon.

29 But the pound will face another test on Thursday when the Bundesbank council meets.

30 "Monetary policy is no instrument of cyclical economic policymaking, " Bundesbank head Ernst Welteke said.

31 The Bundesbank is already subject to conflicts of interest over these bond purchases.

32 In Germany, the move was welcomed by the Bundesbank president.