Bank of Finland Bulletin: Bank of Finland articles on the economy 4/2016

Editorial: Monetary policy supports growth in conjunction with other economic policy 3
Growth overshadowed by hard-to-quantify risks 5
Forecast: Global growth remains sluggish 26
ECB purchase programme expanded to include corporate bonds 39
Three months after the Brexit vote – the current state of play 42
Why are euro area loans to non-financial corporations growing so slowly? 47
Oil markets seeking a new balance 55
How well do inflation swaps reflect expected inflation? 60
Is recovery a myth 65
The natural rate of interest – a useful but uncertain indicator for the economy 78