Haku
Viitteet 1-10 / 10
Euro area set to recover
(02.10.2015)
Bank of Finland. Bulletin 4/2015
Bank of Finland. Bulletin 4/2015
Monetary policy in the euro area has been highly accommodative in recent years. The accommodative stance has also been reflected in banks’ lending rates. The transmission of monetary policy has become more effective, ...
Is the euro area at risk of Japanese-style deflation?
(20.03.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
Euro area inflation has long been below the European Central Bank’s objective for price stability and has continued to slow in recent months. This has given rise to heightened concerns that the euro area could soon be ...
Rise in services prices has made Finland an expensive country
(30.06.2015)
Bank of Finland. Bulletin 3/2015
Bank of Finland. Bulletin 3/2015
Consumer prices have risen in Finland at a higher pace than in the euro area. This has eroded Finnish consumers' purchasing power and weakened the competitiveness of the economy. Of household expenditure, approximately 40% ...
Uncertainty in global economy has increased
(02.10.2015)
Bank of Finland. Bulletin 4/2015
Bank of Finland. Bulletin 4/2015
Uncertainty about the condition of the global economy increased in August–September. Concerns relate particularly to China, whose decelerating growth has unnerved the markets. In the Bank of Finland forecast, global growth ...
On the merits of calendar-based forward guidance
(07.09.2015)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The existence of a lower bound for nominal interest rates complicates the monetary policy. Central banks have lately tried to circumvent this problem by applying non-standard monetary policy measures.
The financial crisis changed the instruments but not the objectives of monetary policy
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
Central banks have acted forcefully to provide monetary accommodation. With little room for manoeuvre for standard interest rate policy, unconventional measures have been adopted. Committing to monetary accommodation gains ...
Falling oil prices translate into an income transfer from producers to consumers
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
The fall in the oil price is broadly reflected across the current situation in the global economy and the outlook for the future. According to most assessments, the oil price drop is for the most part a positive supply ...
Forecast risks
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
There is increased uncertainty surrounding the growth and inflation forecasts, yet this time upside risks are also present. On one hand, low oil prices and long-term interest rates could boost global economic growth more ...
Commitment to accommodative monetary policy benefits economic outlook
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
Euro area inflation, core inflation and both short and long-term inflation expectations declined strongly during the second half of 2014. As a result of the prolonged period of exceptionally weak price developments, the ...
Monetary policy exceptionally accommodative for a prolonged period
(24.09.2015)
Bank of Finland. Bulletin 4/2015
Bank of Finland. Bulletin 4/2015
The outlook for the global economy weakened during summer 2015. The sudden slowdown in economic growth in China was reflected in a considerable weakening of global stock markets and rising long-term interest rates. The ...