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Low inflation and interest rates challenge central banks to review their monetary policy strategies
(15.03.2019)
Bank of Finland. Bulletin 1/2019
Bank of Finland. Bulletin 1/2019
Monetary policy strategy specifies the key principles that a central bank adheres to in pursuit of its objective. The primary objective of the ECB is to maintain price stability. Central banks’ operating environment has ...
Measures of core inflation filter out temporary price changes
(03.07.2019)
Bank of Finland. Bulletin 3/2019
Bank of Finland. Bulletin 3/2019
Short-lived volatility in consumer prices make it harder to monitor price pressures within the economy. Measures of core inflation describe price developments that are not driven by temporary factors.
Discussing monetary policy frameworks in Helsinki
(08.07.2019)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Conducting monetary policy in the current low inflation and low interest rate environment is a case apart, unlike the ‘old normal’. The Bank of Finland organized an international research conference to discuss this dilemma, ...