With inflation remaining low, expectations for it falling and the economy in the euro area staying weak, the Governing Council of the European Central Bank decided at its meeting in September 2019 to ease monetary policy with a varied package of measures. One of these measures was that monthly... more
The central banks of the euro area are buying some 50 billion euros of private-sector bonds each month under the asset-purchase programmes, and Eesti Pank’s share of this is around 120 million euros. Purchases started in March 2015, and from June 2015 Eesti Pank received a special exemption... more
Interview with Ardo Hansson, Governor of Eesti Pank and Member of the Governing Council of the European Central Bank (ECB)
Mr. Hansson, is inflation dead?
No, definitely not. Of course, we all face a certain puzzle: The economy in the euro area, for example, is currently... more
Responding to questions in the Riigikogu on Monday about the asset purchase programme of the euro-area central banks, Governor of Eesti Pank Ardo Hansson said that the asset purchases will make borrowing cheaper for Estonian companies and households too.
Mr Hansson explained to the... more
Honourable President of the Riigikogu, Distinguished Members of the Riigikogu
I am here today to give you a summary of the year 2014 at Eesti Pank. I will speak on the economy in the euro area and on monetary policy, and I will... more
Speaking on Tuesday to the finance committee of the Riigikogu about the asset purchase programme of the central banks of the euro area, Governor of Eesti Pank Ardo Hansson said that economic history shows that central banks are not able to create long-term economic growth through large-scale... more