Eesti Pank Strategy 2025-2028
(updated September 2026)
Eesti Pank’s mission
Eesti Pank as a central bank of the euro area contributes to the sustainable development of the Estonian economy and to increased prosperity for Estonia by keeping inflation moderate, the financial sector stable, and cash circulation functioning.
Eesti Pank’s vision
Eesti Pank is an efficient and innovative organisation and is the most highly regarded authority in Estonia on questions of finance and the economy at the macro level. The positions and actions of Eesti Pank have an impact both in Estonia and abroad.
Strategic goals of Eesti Pank for 2025–2028
The goal of Eesti Pank’s operations is to maintain price stability and support other economic policy objectives that are aligned with doing so. The goals and core tasks are defined by law. To carry out its tasks successfully in future as well, the bank will need to keep up with the most significant changes in its operating environment.
- Changes to the structure and patterns of development of the economy and the financial sector, and the implementation of climate policy will mean there are new risks for the economy and the financial sector, but also new opportunities.
- The deterioration in the global security situation demands additional preparations so that Eesti Pank can continue to carry out its tasks successfully in a crisis.
- Rapid technological development offers new opportunities for organising work more effectively and more efficiently, but also needs the risks that rapid development poses to Eesti Pank to be managed, and the risks to the financial sector to be assessed.
- The ageing of the population is affecting the economy in Europe and in Estonia, and also the staff of Eesti Pank.
The Eesti Pank strategy for 2025-2028 describes the most important activities that must be done to handle the most significant of these changes.
1. Eesti Pank must carry out its tasks productively and efficiently, using more detailed data and new methodologies and technological solutions
To achieve this goal Eesti Pank is organising the data it uses and making them easier for analysts to use with new technological solutions. It is also improving the skills of the staff in using these solutions. Systematising existing data more efficiently and using new sources of data and artificial intelligence allows a better understanding of what is happening in the Estonian economy and the financial sector, and so allows monetary policy and macroprudential policy to be set in a changing operating environment, economic policy consultation to be provided to the government and the public, and support to be given to financial innovation. Using new methodologies and technological solutions helps Eesti Pank carry out other tasks of the central bank successfully, such as calculating the impact of climate change on the investment of Eesti Pank’s assets and on the implementation of the monetary policy of the Eurosystem, and ensuring that cash is satisfactorily available and accepted as a means of payment. Eesti Pank participates in the retail and wholesale digital euro project together with the other central banks of the euro area with the goal of making the digital euro an alternative payment solution in Estonia, including in the event that the operation of other electronic payment methods is disrupted.
What will the bank have achieved by 2028?
1.1. Eesti Pank has a new and holistically functioning organisation and infrastructure for the use of data.
1.2. Eesti Pank uses artificial intelligence and new technological solutions to do its work more effectively and efficiently.
1.3. More detailed data mean that Eesti Pank has a deeper understanding of the competitiveness of the Estonian economy and the impact of climate policy on the economy and financial stability, which it can use for taking policy decisions and giving advice.
1.4. Eesti Pank takes account of the European Union’s climate targets when carrying out its core tasks.
1.5. Cash is secure, accessible and consistently accepted in points of sale as a means of payment.
1.6. Eesti Pank is ready to adopt new pan-European payment solutions, including the wholesale and retail digital euro.
2. 2. Eesti Pank is ready to carry out its tasks in the event of a crisis
The central bank must make constant efforts to ensure the operation of payments and cash circulation in a crisis, safeguarding Eesti Pank’s financial assets, and ensuring it is able to carry out both transactions related to those assets and monetary policy operations, including the provision of liquidity support to banks. Carrying out these tasks needs Eesti Pank to increase its readiness within the organisation and ensure that cooperation with credit institutions and their partners, other state institutions, and international partners continues to function in a crisis.
What will the bank have achieved by 2028?
2.1. Eesti Pank’s critical processes still function in an emergency.
2.2. The operation and cyber security of Eesti Pank’s IT systems is ensured.
2.3. Eesti Pank is able to fulfil its duties successfully as an authority organising the continuity for vital services in preparing for and resolving crises.
2.4. Eesti Pank is ready to carry out its tasks as a central bank in resolving economic and financial crises.
3. 3. Eesti Pank is constantly renewing as an organisation and is an attractive employer
Eesti Pank is already the leading centre of expertise in Estonia for economic and financial questions at the macro level, but retaining its top specialists and developing the next generation needs support for staff pursuing academic degrees, constant renewal of the organisation, and cooperation with universities. The bank will focus particular attention in the coming years on ensuring a smooth generational transition and preparing the next generation so that critical knowledge and expertise are passed on to it. The bank wants to be an attractive employer and is aiming to become a sustainable organisation and to be climate neutral by 2050. The principles of the green office have been applied since 2022 in order to reduce the carbon footprint, and the environmental impact of the central bank has been reduced consistently.
The Eesti Pank Museum will be thoroughly refreshed and opened as a centre for visitors and education that will present the work of the central bank to the public, particularly to young people.
There are financial risks to carrying out the core tasks of the central bank. Covering these risks means the financial independence of the central bank must be ensured through holding sufficient capital buffers.
What will the bank have achieved by 2028?
3.1. The people working at Eesti Pank are skilled and motivated.
3.2. The management model supports effective performance at Eesti Pank and its ability to adapt to change.
3.3. The carbon footprint of Eesti Pank is 20% smaller than it was in 2023.
3.4. Sufficient income is earned from investing the reserves, and capital and risk buffers have been increased so they can cover operating costs over the long term and mitigate any risks from them.
3.5. The Rahamu centre for visitors and education has opened at Eesti Pank.
3.6 A programme has been created at Eesti Pank to support research by doctoral students in economics.