Haku
Viitteet 1-10 / 19
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, ...
How can we simultaneously maintain both price stability and financial stability in the euro area?
(10.09.2015)
Bank of Finland. Bulletin 4/2015
Bank of Finland. Bulletin 4/2015
The operating environment for monetary policy has changed: the euro area macroprudential system – or macroprudential framework –for dampening country and sector-specific overheating is now stronger than before the financial ...
Monetary policy supports euro area recovery from the crisis
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
The decision by the ECB Governing Council to ease monetary policy through an expanded asset purchase programme will boost demand and accelerate inflation via a number of different channels. Completion of the comprehensive ...
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 ...
Growth continues, outlook more moderate
(18.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The outlook for global economic growth has moderated from the spring. Growth in international trade has decelerated. Confidence in the economic outlook remains fairly strong, but trade tensions, in particular, are a downside ...
Secular stagnation : A false alarm in the euro area?
(04.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
Worries about secular stagnation, a prolonged period of low growth, arose after the Great Recession. In the euro area, such fears may appear misguided given sound growth, tightening labour markets and expectations of gradual ...
Monetary policy to be normalised gradually and in a predictable manner
(18.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The Governing Council of the ECB anticipates that net asset purchases under the asset purchase programme (APP) will be phased out by the end of 2018. The decision can be seen as a first step towards normalisation of monetary ...
TARGET2 balances – a truth more boring than fiction?
(18.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
As a result of the euro area sovereign debt crisis, the Eurosystem's internal receivables and liabilities have risen from the depths of technical details into headlines. What are these much discussed TARGET2 balances, and ...
Editorial : Monetary policy normalisation to proceed carefully and with measured pace
(03.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The euro area's growth rate is set to moderate to approximately 2%. A reduction in unemployment has created suitable conditions for accelerated wage growth and a return in the path of inflation to the policy objective of ...
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 ...