Annual Report 2022

GREETINGS FROM THE GOVERNOR 4
OPERATIONS AND STRATEGY 7
BANK OF FINLAND IN A NUTSHELL 9
BANK OF FINLAND’S NEWLY UPDATED STRATEGIC PRIORITIES EMPHASISE
PREPAREDNESS 10
DIVISION OF RESPONSIBILITIES BETWEEN MEMBERS OF THE BOARD 13
HYBRID WORKING AND REVISED EMPLOYEE BENEFITS PROVIDE
FLEXIBILITY FOR BANK OF FINLAND STAFF 16
BANK OF FINLAND BUDGET AND OPERATING EXPENSES FOR 2023 20
BANK OF FINLAND’S CARBON FOOTPRINT SMALLER IN 2022 AS RESULT OF
EMISSIONS REDUCTION MEASURES AND ADJUSTED CALCULATION
METHOD 26
BANK OF FINLAND’S DATA BALANCE SHEET AUGMENTS ANNUAL REPORT 30
BANK OF FINLAND’S INDICATOR TARGETS AND THEIR ACHIEVEMENT IN
2022 32
ANNUAL REPORT 39
MONETARY POLICY 41
FINANCIAL STABILITY 67
MONEY AND PAYMENTS 94
MANAGEMENT OF FINANCIAL ASSETS 113
ENGAGEMENT AND COOPERATION 138
SUSTAINABILITY WORK MEANS CONCRETE EVERYDAY ACTIONS 167
FINANCIAL STATEMENTS 169
BALANCE SHEET 170
PROFIT AND LOSS ACCOUNT 173
ACCOUNTING POLICIES 175
NOTES ON THE BALANCE SHEET 181
NOTES ON THE PROFIT AND LOSS ACCOUNT 206
APPENDICES TO THE FINANCIAL STATEMENTS 218
NOTES ON RISK MANAGEMENT 220
AUDITOR'S REPORT 226
STATEMENT REGARDING THE AUDIT 227
ORGANISATION 230