07.04.2020 Inflation was slowed in March by coronavirus

Data from Statistics Estonia show that the rise in consumer prices slowed in March to 0.9% over the year. The price level dropped by 0.7% over the previous month.

Consumers stockpiled food products ...

31.03.2020 The central bank recommends focusing on easing the immediate impact of the crisis

Governor of Eesti Pank Madis Müller, who attended the meeting of the finance committee of the Riigikogu on Tuesday, said it was important right now to focus on steps to support the economy that would ...

25.03.2020 The economy is likely to shrink by more than 6%
  • The economic crisis has so far affected services businesses and the transport sector the most
  • How much the economy shrinks by will depend primarily on how long the restrictions last in ...
25.03.2020 Eesti Pank is cutting the capital buffer requirements for the banks by 110 million euros

Eesti Pank is reducing the systemic risk buffer for the commercial banks from 1% to 0%. This will free up 110 million euros for the banks, which they can use to cover possible loan losses or to make ...

25.03.2020 Bank services and card payments have worked without any hitches during the state of emergency

Payment services and card payments are vital services. Banks must keep vital services operating even if people are not able to live their normal lives. So far they have functioned without incident.

After ...