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Are market expectations in line with the forward guidance of the ECB?
(28.09.2017)
Bank of Finland. Bulletin 4/2017
Bank of Finland. Bulletin 4/2017
By promising low interest rates in the future, a central bank can provide stimulus for the economy today. The effectiveness of this kind of forward guidance can be assessed by the impact it has on market expectations ...
Accommodative monetary policy to continue until a sustained adjustment in the path of inflation is reached
(28.09.2017)
Bank of Finland. Bulletin 4/2017
Bank of Finland. Bulletin 4/2017
The amount of underutilized domestic capacity is expected to gradually be taken up, and the global economy's generally favourable outlook will support growth in the euro area. Together these factors support expectations ...
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 ...