Pressiteated

04.11.2022
Photographs and speech: President of the European Central Bank Christine Lagarde visits Estonia
The President of the European Central Bank Christine Lagarde visited Estonia on 4 November and gave...
24.10.2022
The President of the European Central Bank will visit Estonia at the start of November
The President of the European Central Bank Christine Lagarde will visit Estonia on 4 November and...
29.09.2022
Companies need to find their own formula for adapting says Ülo Kaasik
Deputy Governor of Eesti Pank Ülo Kaasik said that the ability of companies to adapt will be...
20.09.2022
Both the central bank and the government need to take steps to combat inflation
The outlook for the Estonian economy depends above all on the future rate of inflation. Estonia has...
14.06.2022
The broader impact on the economy of Russia’s war will be felt in the second half of the year
The Estonian economy started the year in a very strong position, but growth in it will slow. Growth...
31.05.2022
One euro in ten that is spent under the state budget is not covered by revenues says Madis Müller
The central bank is reducing its monetary policy support for the economy because the boost to...
31.05.2022
Speech by the Governor of Eesti Pank to the Riigikogu Presentation of the Annual Report of Eesti Pank for 2021
Honourable President of the Riigikogu, Distinguished Members of the Riigikogu. Once a year Eesti...
28.04.2021
The road to recovery and the role of central banks Speech by Madis Müller, Governor of Eesti Pank, at the CFA Society Finland virtual Forecast Dinner
Dear fellow CFA charterholders, We have been living with the economic crisis caused by the...
17.03.2021
The state of the economy and the role of the central bank in exiting the crisis
Madis Müller, Governor of Eesti Pank and member of the Governing Council of the European Central...
22.09.2020
Monetary policy impacts the Estonian economy more than it does in the euro area on average
The latest research by Eesti Pank shows that the monetary policy of the Eurosystem affects growth...
02.06.2020
Speech by the Governor of Eesti Pank to the Riigikogu Presentation of the Annual Report of Eesti Pank for 2019
Madis Müller Governor of Eesti Pank Honourable...
03.10.2019
The cooling of the economy will slow growth in wages and prices
The latest economic forecast from Eesti Pank expects the economy to grow by 3% this year, and by...
12.04.2018
Lecture by Ardo Hansson on the direct and indirect effects of euro area monetary policy
Governor Ardo Hansson gave a lecture to the Research Centre SAFE (Sustainable Architecture...
28.03.2018
Last year was the most successful since the economic crisis
The economy was driven upwards mainly by a burst of growth in demand Increased investment is...
08.06.2016
The risk of growth slowing because of the labour market overheating has increased
An improved external environment and higher productivity are boosting economic growth Rising...
06.04.2016
Estonian economic growth in 2015 was the slowest of the past six years
Real household incomes and sales by companies in the domestic market have increased rapidly, but...

Sisuleht

18.10.2022
Participants and collateral
Participants in the monetary policy operations of the Eurosystem The monetary policy framework of...
18.10.2022
Additional measures
Alongside the usual open market operations, asset purchase programmes have been in operation since...
26.08.2022
Inflation - frequently asked questions (FAQ)
Why are prices rising so fast? Around half of the increase in the cost of living in...
16.11.2020
Roundtable at Eesti Pank
At the Your opinion counts roundtable, we want to hear what people and organisations think about...
16.11.2020
Your opinion counts – a roundtable with Eesti Pank
Madis Müller Governor of Eesti Pank and member of the Governing...
10.11.2020
Securities lending of Bank of Estonia PSPP holdings
The Bank of Estonia PSPP and PEPP holdings are available for securities lending. The counterparties...
21.05.2020
Eesti Pank’s participation in the asset purchase programmes of the euro area
25.03.2020
Monetary policy
Estonia joined the euro area at the beginning of 2011. The Eurosystem, which is made up of the...
30.04.2020
Central bank reserves
The Eesti Pank reserves allow the central bank to remain independent of the government and ensure...
22.01.2020
Questions and answers about the asset purchase programmes of the euro area central banks
What is the aim of the programme? The expanded asset purchase programme (APP) is designed to...
08.08.2012
Eesti Pank's priorities among core operations
Participation in decision-making in the Eurosystem and implementation of decisions As a central...
08.08.2012
Monetary policy transmission mechanism
The transmission mechanism of monetary policy involves the channels through which monetary policy...
12.09.2012
Monetary policy instruments
The operational framework of the Eurosystem contains the following instruments: Open market...
08.08.2012
The functioning of monetary policy
The central bank is the sole issuer of banknotes and sets the reserve requirements for the...
08.08.2012
Operational framework
The Eurosystem uses a set of monetary policy instruments and procedures to achieve its primary...
08.08.2012
Importance of price stability
Price stability means avoiding prolonged periods of excessively high inflation or...

Publikatsioonid

29.09.2022
Estonian Economy and Monetary Policy 3/2022
20.06.2022
Estonian Economy and Monetary Policy 2/2022
17.06.2022
6/2022 Gerda Kirpson, Martti Randveer, Nicolas Reigl, Karsten Staehr, Lenno Uusküla. Macroeconomic News and Sovereign Interest Rate Spreads before and during Quantitative Easing
31.03.2022
Estonian Economy and Monetary Policy 1/2022
27.12.2021
8/2021 Luca Alfieri, Diana Gabrielyan. The Communication Reaction Function of the European Central Bank. An Analysis Using Topic Modelling
22.12.2021
Estonian Economy and Monetary Policy 4/2021
29.09.2021
Estonian Economy and Monetary Policy 3/2021
22.06.2021
Estonian Economy and Monetary Policy 2/2021
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that...
05.04.2021
3/2021 Anita Suurlaht. The Asymmetric Effect of Monetary Policy on European Financial Markets
Working Papers of Eesti Pank 3/2021 This paper analyses the impact of unanticipated changes...
01.04.2021
Estonian Economy and Monetary Policy 1/2021
The mood of optimism that prevailed around the world at the start of the year has cooled. It...
18.12.2020
Estonian Economy and Monetary Policy 4/2020
07.10.2020
Estonian Economy and Monetary Policy 3/2020
07.10.2020
2/2020 The impact of negative interest rates on the Estonian economy and financial sector
19.06.2020
Estonian Economy and Monetary Policy 2/2020
17.04.2020
Estonian Economy and Monetary Policy 1/2020
19.12.2019
Estonian Economy and Monetary Policy 4/2019
09.12.2019
Estonian Economy and Monetary Policy 3/2019
17.06.2019
Estonian Economy and Monetary Policy 2/2019
27.03.2019
Estonian Economy and Monetary Policy 1/2019
19.12.2018
Estonian Economy and Monetary Policy 4/2018
20.09.2018
Estonian Economy and Monetary Policy 3/2018
26.06.2018
Estonian Economy and Monetary Policy 2/2018
05.04.2018
Estonian Economy and Monetary Policy 1/2018
22.12.2017
Estonian Economy and Monetary Policy 4/2017
03.11.2017
11/2017 Theologos Dergiades, Costas Milas and Theodore Panagiotidis. An assessment of the inflation targeting experience
02.10.2017
Estonian Economy and Monetary Policy 3/2017
29.06.2017
Estonian Economy and Monetary Policy 2/2017
07.04.2017
Estonian Economy and Monetary Policy 1/2017
14.12.2016
Estonian Economy and Monetary Policy 4/2016
07.10.2016
Estonian Economy and Monetary Policy 3/2016
24.08.2016
7/2016 Lenno Uusküla. Monetary transmission mechanism with firm turnover
20.06.2016
Estonian Economy and Monetary Policy 2/2016
13.04.2016
Estonian Economy and Monetary Policy 1/2016
17.12.2015
Estonian Economy and Monetary Policy 2/2015
26.06.2015
Estonian Economy and Monetary Policy 1/2015
15.08.2013
7/2013 Gertrud Errit and Lenno Uusküla. Euro area monetary policy transmission in Estonia

Kalender

04.11.2022
PUBLIC LECTURE: Christine Lagarde „Monetary Policy in the Euro Area"
26.06.2022
Governor Madis Müller participates in the ECB Forum on Central Banking 2022
09.06.2022
Deputy Governor Ülo Kaasik participates in the conference Monetary Policy in a New European Reality hosted by the Narodowy Bank Polski