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Bank of Finland Bulletin : Bank of Finland articles on the economy 3/2022
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
Energy will dominate euro area’s economic outlook for a long time yet
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
The euro area has been drawn into an energy crisis that could have a long-term impact on the area’s economy. The escalating price of energy is increasing euro area import prices, weakening the current account and further ...
Editorial : Monetary policy tightening to bring inflation down to target – Managing energy crisis takes key role
(29.09.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
Russia’s war in Ukraine is stifling the economy’s promising recovery following two years of the COVID-19 pandemic. The war has not only shaken the foundations of Europe’s security order but has also considerably weakened ...
Accessible summary : Energy crisis pushing up general price level – Adverse impact on economic growth still to come
(29.09.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
Energy prices have risen substantially within the euro area. Natural gas and electricity, in particular, have become more expensive as a consequence of Russia’s war in Ukraine. The effects of the energy crisis on the economy ...
Rising import prices are hitting the real economy
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
The euro area is a net energy importer. In 2020 slightly over 60% of the euro area’s gross available energy was imported from elsewhere. Soaring energy prices have pushed up import prices for euro area countries. This ...
Forecast for the Finnish economy : Russia’s war in Ukraine is stifling Finland’s economic recovery
(21.06.2022)
Bank of Finland. Bulletin 2/2022
Bank of Finland. Bulletin 2/2022
Russia’s war in Ukraine is weakening the outlook for the Finnish economy and pushing up inflation. Foreign trade with Russia is collapsing as a result of the war, and higher uncertainty and inflation are undermining the ...
Alternative scenario : Russia’s war in Ukraine could lead to a recession in Finland
(21.06.2022)
Bank of Finland. Bulletin 2/2022
Bank of Finland. Bulletin 2/2022
This alternative scenario examines what impact Russia’s war in Ukraine could have on the Finnish economy in the worst case. The scenario describes a situation where an escalation of the war causes the global economy to ...
Editorial : Ukraine war blurring economic outlook – ECB monetary policy normalisation continues
(21.06.2022)
Bank of Finland. Bulletin 2/2022
Bank of Finland. Bulletin 2/2022
Russia’s cruel and senseless war in Ukraine is causing great destruction and suffering. The war’s impacts are being felt around the world, and people are having to pay higher prices for energy and food. Growth in Finland’s ...
Accessible summary : Ukraine war is slowing growth in Finland’s economy and fuelling rise in prices
(21.06.2022)
Bank of Finland. Bulletin 2/2022
Bank of Finland. Bulletin 2/2022
Russia’s war in Ukraine is curbing economic growth worldwide. At the same time, the general level of prices has been climbing at a significantly increased rate. The war is further accelerating the rise in the prices of ...
What is monetary policy normalisation?
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
Surging inflation has triggered moves to normalise monetary policy. This means a tightening of financing conditions by raising key interest rates, among other things. Central banks are shifting from unconventional monetary ...