Bank of Finland articles on the economy
Bank of Finland Bulletin 5/2020 - Monetary policy and the global economy
Published 17 Sep 2020
pdf, 563 kB
Bank of Finland Bulletin 4/2020 - Monetary policy and the global economy
Published 11 Sep 2020
pdf, 16.0 MB
Monetary policy is supporting economic recovery — but the outlook for employment remains weak17 Sep 2020, Bank of Finland Bulletin 5/2020
Monetary accommodation has opened up space for other economic policies in the euro area, which needs to be put to good use by pursuing economic reforms. Productivity and employment growth ultimately rest on our ability to reform.
Monetary policy implementation in changing times25 Aug 2020, Bank of Finland Bulletin 4/2020
Over the past decade the tools for implementing monetary policy have become ever more diverse. These measures now include refinancing banks at favourable terms and large-scale asset purchases.
You can search for issues by filtering search data. You can filter articles by issue, by contents theme or by time range.
File size and format – pdf, 2.46 MB
The Bank of Finland estimate puts the sustainability gap in Finland’s public finances at 4.7%. If public expenditures over the long term continue to be larger than revenues, public debt will eventually begin to grow out of control.
Global uncertainties are weakening investment growth in Finland. A similar effect is being exerted by structural factors in the domestic economy.
Finland’s economic boom is over and growth will slow temporarily, in step with global developments. The foundations for continued growth are, however, still in place. Monetary policy continues to be accommodative, and households’ purchasing power is growing.
The alternative scenario attached to the forecast for the Finnish economy analyses what implications a delay in the recovery of the global economy would have for the Finnish economy.
Fiscal buffers should be accumulated when the economic situation is relatively bright. This would help to reduce the sustainability gap in the public finances and improve readiness for future recessions.
Finland’s annual economic growth will slow temporarily. The difficulties in the global economy will also affect Finland. The prerequisites for growth are, however, still in place. See our accessible summary.
The Finnish economy is still going through a period of transition in which it has to adjust to two large structural realignments.
See forecast tables for the Finnish economy in 2019–2022 (Dec 2019).
Subscribe to our newsletter