Bundesbank speech on financial markets and AI investment

The Deutsche Bundesbank, via Sabine Mauderer’s speech at the General Assembly of the Austrian Bankers’ Association in Vienna on 23 September 2026, discussed global financial-market shifts, higher rates, and rising capital demand from tech and infrastructure. - She said hyperscalers are investing heavily in data centers, chips, and supporting energy infrastructure, and cited OECD estimates that nine major tech firms could spend over US$4 trillion between 2026 and 2030.

• The speech also noted that US tech companies now issue about 10% of their bonds in euros, with outstanding euro bonds at around €40 billion; the remarks were delivered as a speech transcript rather than a new policy announcement.