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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 ...
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 ...
Frequency of rising and falling prices in the euro area
(04.05.2017)
Bank of Finland. Bulletin 1/2017
Bank of Finland. Bulletin 1/2017
Euro area inflation accelerated notably in December 2016 and January 2017. This mainly reflected price increases caused by constraints in the supply of energy products and unprocessed food. In fact, the development of core ...
Reports of the Phillips curve’s death are greatly exaggerated
(27.04.2018)
Bank of Finland. Bulletin 1/2018
Bank of Finland. Bulletin 1/2018
Inflation has remained low in the euro area in recent years. This has raised doubts over the traditional view of inflation dynamics held before the financial crisis, where inflation is understood to be a function of inflation ...
Temporary factors have fuelled euro area inflation
(04.05.2017)
Bank of Finland. Bulletin 1/2017
Bank of Finland. Bulletin 1/2017
The monetary policy objective in the euro area is to keep inflation as measured according to the Harmonised Index of Consumer Prices below, but close to, 2% over the medium term. This cannot be deemed to have taken place ...
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 ...
Forecast for the Finnish economy : Finnish economy set to slide into recession
(25.01.2023)
Bank of Finland. Bulletin 4/2022
Bank of Finland. Bulletin 4/2022
Growth in the Finnish economy for the full year 2022 will amount to 1.9%, following strong activity in the early part of the year. The high level of inflation has, however, eroded households’ purchasing power, and consumer ...
Bank of Finland Bulletin 4/2023 : Monetary policy review, October 2023 : Monetary policy and the global economy
(25.10.2023)
Bank of Finland. Bulletin 4/2023
Bank of Finland. Bulletin 4/2023
Will euro area inflation subside without a recession and excessive tightening of financing conditions?
(25.10.2023)
Bank of Finland. Bulletin 4/2023
Bank of Finland. Bulletin 4/2023
Inflationary pressures have proven persistent, but have eased as a result of tighter monetary policy and a fall in energy prices. The crucial question now is whether inflation can be brought down without disruption to the ...