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Olaf Storbeck

Frankfurt Bureau Chief

Olaf Storbeck is the FT's Frankfurt bureau chief and ECB correspondent, covering monetary policy and European macro economics. From 2017 to 2024, he was the FT's Frankfurt banking correspondent and part of the FT's investigative team that dug into the Wirecard fraud. He is interested in white collar crime, whistleblowing and corporate governance. A passionate cyclist, he also loves to write about the cycling industry.

Before joining the FT, he worked as a London-based columnist at Reuters Breakingviews for five years where he was named Reuters Journalist of the year in 2015 in the commentary category. A German citizen, he started his career at Germany's business and financial daily Handelsblatt after graduating from the Cologne School of Journalism and studying Economics at the University of Cologne.

Olaf was part of the teams which in 2020 won two Loeb Awards ('Breaking News’ and 'investigative') and the Press Gazette British Journalism Award in the Best Business Journalism category.

Email Olaf Storbeck @olafstorbeck  on X.com (link opens in a new browser window)
  • Thursday, 30 April, 2026
    Central banks
    ECB and BoE warn of rate rises as they grapple with Middle East shock

    Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation

    A worker in safety gear watches as the oil tanker HELGA is moored at an offshore terminal, with a tugboat nearby.
  • Thursday, 30 April, 2026
    European Central Bank
    ECB holds interest rates at 2% as inflation rises

    Policymakers warn risks to Eurozone economy from Middle East conflict have ‘intensified’

    Four EU flags in front of the European Central Bank tower building under a sunny sky.
  • Wednesday, 29 April, 2026
    Eurozone inflation
    German and Spanish inflation rises less than expected in April

    Softer price pressures in large Eurozone economies strengthen case for ECB to hold interest rates

    The European Central Bank’s glass tower stands beside the river in Frankfurt, with a boat passing under a bridge in the foreground.
  • Tuesday, 28 April, 2026
    Germany
    German births fall to lowest since postwar records began in 1946

    Country faces demographic crunch as difference between deaths and births rises to highest level in its postwar history

    A person holds a newborn baby.
  • Tuesday, 28 April, 2026
    Abu Dhabi National Oil Co
    Abu Dhabi state energy group to invest ‘tens of billions’ in US push

    Adnoc accelerates effort to diversify into US natural gas as Iran war rattles Middle Eastern energy industry

    A worker in a hard hat operates equipment on a CNX Resources Corp. drill rig surrounded by machinery at a drilling site.
  • Monday, 27 April, 2026
    Central banks
    Top central banks gamble they have time on inflation risks

    Convulsions in energy markets, often driven by Donald Trump’s posts on Truth Social, are complicating inflation forecasts

    The front of the Marriner S. Eccles Federal Reserve Board Building is partially obscured by construction fencing, with several people walking past the site.
  • Sunday, 26 April, 2026
    US interest rates
    What signals can investors expect from the Fed?

    Market Questions is the FT’s guide to the week ahead

    Jay Powell speaks at a podium during a Federal Reserve press conference, with multiple US and Federal Reserve flags behind him.
  • Friday, 24 April, 2026
    European Central Bank
    ECB steps up its challenge to Visa and Mastercard 

    Central bank picks technology rules that will pave way for digital euro by 2029

    Mastercard and Visa credit cards positioned in front of the EU flag with yellow stars.
  • Thursday, 23 April, 2026
    Eurozone economy
    Eurozone faces ‘deepening economic woes’ from Middle East conflict, survey suggests

    Closely watched Purchasing Managers’ index points to first contraction in 16 months in private sector activity

    Four EU flags wave in front of the European Central Bank building in Frankfurt
  • Wednesday, 22 April, 2026
    European Central Bank
    ECB has ‘luxury’ to wait on interest rate rises, says top policymaker

    Latvian central bank governor Mārtiņš Kazāks sees no rush to respond to higher energy prices driven by Iran war

    The European Central Bank headquarters building with a green traffic light in the foreground. Several EU flags are visible outside the building.
  • Monday, 20 April, 2026
    European Central Bank
    ECB frontrunner Hernández de Cos is most qualified candidate for top job, economists say

    Former Spanish central bank chief ranks first in poll of monetary policy experts in ‘tight race’ for Lagarde succession

    Pablo Hernández de Cos speaks while seated, holding a pen and folder, wearing a suit and headset microphone.
  • Friday, 17 April, 2026
    German economy
    Iran war drives Germany towards fourth year of stagnation

    Berlin set to halve GDP growth forecast to 0.5% as surging energy prices blunt €1tn spending push

    Aerial view of the BASF industrial complex in Ludwigshafen, with smoke rising from multiple chimneys and containers in the foreground.
  • Tuesday, 14 April, 2026
    European banks
    ECB seeks to break insurance ‘deadlock’ in push for banking union

    Regulator urges governments to fast-track long-delayed idea to help break down merger barriers

    The European Central Bank’s glass skyscraper stands prominently by the river in Frankfurt with the city skyline in the background.
  • Sunday, 12 April, 2026
    Global economic growth
    Global economic outlook darkens as policymakers count cost of Iran war

    Central bankers and economists prepare to meet in Washington to assess conflict’s damage

    Man walking through rubble in a destroyed city with overlaid fluctuating line graph
  • Thursday, 9 April, 2026
    Financial fraud
    Wirecard trial shows the risks of Germany’s slow legal process

    Financial crime cases can be vulnerable to long delays and procedural gridlock

    Olaf Storbeck
    Markus Braun looks forward in a courtroom at the start of his trial following the collapse of Wirecard.
  • Monday, 6 April, 2026
    Deutsche Bank AG
    Deutsche Bank chief earns bumper share returns as rebound bet pays off

    Christian Sewing holds stock worth €15mn and another €25mn in unvested shares after turnaround fuels share price rally

    Christian Sewing speaks at the Deutsche Bank Annual Media Conference 2024, with the Deutsche Bank logo visible behind him.
  • Thursday, 2 April, 2026
    Europe quantitative easing
    ‘End of an era’ as ECB’s emergency pandemic stimulus unwinds

    Nearly €3tn of excess liquidity will have drained from financial system by 2027, according to ECB estimates

    The European Central Bank headquarters stands prominently on the right, with the Frankfurt skyline and Main River at sunset.
  • Wednesday, 1 April, 2026
    German politics
    German minister urges nuclear rethink as energy prices soar

    Katherina Reiche’s call comes as Berlin launches investment summit to help revive Europe’s largest economy

    Katherina Reiche wears a light blue blazer and a microphone headset while attending the CERAWeek conference.
  • Tuesday, 31 March, 2026
    EU economy
    Eurozone inflation jumps to 2.5% in March

    Middle East energy shock pushes annual rate past European Central Bank’s 2% target

  • Sunday, 29 March, 2026
    Middle East war
    Could rising energy prices cure China’s deflationary funk?

    Market Questions is the FT’s guide to the week ahead

    Workers in orange uniforms and yellow helmets operate machinery to bag fertiliser at a port facility, with large white sacks labelled in Chinese.
  • Sunday, 29 March, 2026
    Eurozone economy
    Eurozone borrowing costs soar on fears of fiscal hit from Iran shock

    Government bonds face one of worst months of past decade as investors warn of ‘deterioration’ in public finances

    The European Central Bank tower in Frankfurt is illuminated at dusk, with its reflection visible in the river below.
  • Thursday, 26 March, 2026
    Global inflation
    The Big Read. Stagflation is back

    War in Iran threatens to hit growth and confidence, deepen governments’ unpopularity and hurt public finances

    Montage of Donald Trump, the Federal Reserve building and a Chevron gas price sign, with a rising line graph in the background.
  • Wednesday, 25 March, 2026
    Rail
    Fed up with train delays, Germans are betting on how late they’ll be

    Deutsche Bahn’s record low punctuality has inspired jokes, T-shirts and now a mock gambling platform

    Olaf Storbeck
    A yellow T-shirt with a cartoon of a German high-speed train emerging from a banana peel, text reads "Deutsche Bahnana: One slip away from a two-hour delay."
  • Wednesday, 25 March, 2026
    European Central Bank
    ECB ready to raise rates ‘at any meeting’, says Lagarde

    Central bank chief says policymakers need time to assess ‘nature, size and persistence’ of inflation surge from Iran war

    Christine Lagarde speaks at a press conference, gesturing with her hand, with a backdrop of yellow stars on a blue background.
  • Tuesday, 24 March, 2026
    Global Economy
    Iran war is rattling global economy, surveys show

    Closely watched sentiment data points to slump in business activity from Australia to Europe

    A large crowd of passengers, many wearing backpacks, fill the platform as they board and exit a train at Perth station.
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