Latest articles and blogs
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Structural operations will meet part of the banking system’s liquidity needs in the future
The amount of liquidity in the banking system has been declining as assets acquired under the European Central Bank’s purchase programmes mature. As liquidity declines further, banks will have a growing demand for the Eurosystem’s standard refinancing operations. When this demand grows sufficiently, the supply of liquidity will be supplemented with new structural refinancing operations and asset purchases in a structural bond portfolio.
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Implementation of monetary policy purchase programmes at the Bank of Finland
Asset purchases have become an integral part of conducting monetary policy. The Bank of Finland implements the Eurosystem’s purchase programmes in Finland. Asset purchases lower interest rates in markets.
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Who bears the costs of rising euro? – Equity market’s view
We found a connection between the euro exchange rate and the relative performance of ‘small’ and ‘large’ companies. One could suggest that strengthening euro leads large companies to underperform small companies.