New look for Bank of Finland’s websites

The Bank of Finland website suomenpankki.fi is one of four websites that have been redesigned with a brand new look. The other sites are bofit.

Sticky recovery in Finland’s economy

Finland’s economy is making a sluggish recovery from recession.

BOFIT Forecast for Russia 2024–2026: Labour shortages and capacity constraints increasingly binding

The latest forecast from BOFIT, the Bank of Finland’s Institute for Emerging Economies, sees Russian economic growth this year exceeding its previous ...

Inflation down but euro area’s manufacturing still struggling with high energy costs

The decrease in inflationary pressures has already allowed two interest rate cuts this year in the euro area.

Inflation rate expected to stabilise at the target – Europe must find ways to increase productivity

The inflation rate in the euro area is in the process of stabilising at the European Central Bank’s (ECB) 2% target.

The amount of student loan available for drawing down was raised in August

In August 2024, drawdowns of student loans totalled EUR 165 million – almost the same as in the corresponding month last year.

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis

The European Systemic Risk Board has a unique ability to examine cross-sectoral, cross-border and interlinked risks – and the truly systemic dimension...

Nordic Baltic Crisis Simulation Exercise, 2024

To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during thi...

Bank of Finland’s interim forecast: Sticky recovery in Finland’s economy

According to the Bank of Finland’s interim forecast, published today, the Finnish economy will contract by 0.

Statement by Governor Olli Rehn on the International Monetary Fund’s decision to resume Article IV consultations with Russia

The Minister of Finance of Finland Riikka Purra has, together with the Ministers of Finance of the Baltic countries, the Nordic countries and Poland, ...

This Time is Different or Back to Basics? Reflections on Monetary Policy Normalisation

There were good reasons for easing monetary policy: inflation has continued to slow down, and inflation expectations are close to 2% target, said Gove...

Vehicle loans drawdowns continued at previous rate

In the first half of 2024, households drew down a comparable amount of vehicle loans as a year earlier.

Value and number of contactless payments grew in the second quarter of 2024

The aggregate value of contactless payments made in the second quarter of 2024 was EUR 6.

Volume of housing loan drawdowns in July slightly higher than in corresponding period last year

In July 2024, the volume of new housing loans drawn down by Finnish households was moderate at EUR 1.0 billion, which was 4.

Account of the ECB Governing Council’s monetary policy meeting, 17-18 July 2024

The European and Finnish Economies: Pursuing Growth in the Shadow of Geopolitical Challenges

<span class="css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3">Recent increase in negative growth risks has reinforced the case for an ECB </span><spa...

Bank of Finland at the Europe Forum in Turku: From peace project to security union and a common economic policy as an EU security guarantee

The Bank of Finland is organising the Esko Antola Lecture and a panel discussion at the Europe Forum in Turku on Thursday 29 August 2024.

Households’ deposit stock grew in the second quarter of the year

In the second quarter of 2024, the stock of Finnish households&rsquo; deposit stock grew by EUR 1.7 billion in net terms.