22.01.2020

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

19.12.2019
The economic circumstances for Estonia in the near term will be defined by the weakness of trading partners and the uncertainty prov-oked by the trade conflict between the US and China. Although central banks around the world have eased their monetary policy, encouraging growth in the economy by... more
17.12.2019
  • The Estonian economy will grow by 3.4% this year and 2.3% in 2020
  • Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade
  • Unemployment will rise in... more
29.11.2019
Kaspar Oja Eesti Panga ökonomist

The Estonian economy grew by 4.2% over the year in the third quarter and by 1% over the quarter. The growth was driven by exporting branches, while one-off factors also played a large role.

Global trade is being restrained by trade... more

30.11.2018
Kaspar Oja Economist at Eesti Pank

Statistics Estonia estimates that the economy grew by 4.2% in the third quarter over the year. This was a little faster than in the second quarter when the growth was 3.8%. The faster growth in the third quarter was an exception in the wider... more

04.10.2018

Among the presenters at the Äriplaan 2019 economic conference on Thursday was Eesti Pank Governor Ardo Hansson, who said that the past couple of years have been good for the Estonian economy, but a slower rate of growth is to be expected in future.

The past couple of years have been kind... more

08.06.2016
  • An improved external environment and higher productivity are boosting economic growth
  • Rising food and energy prices will put an end in the second half of the year to the deflation that has been present for two years
  • Wage pressures have not eased, and growth in the... more
03.05.2016

Governor of Eesti Pank Ardo Hansson told the Riigikogu on Tuesday that the Estonian government has acted correctly by keeping its budget in balance, as now is not the time from the economy’s perspective to increase spending significantly.

He explained that the central bank does not give... more

18.03.2016

The Estonian state should not rush to borrow money that is exceptionally cheap because of central bank policies and to increase the national debt, because the Estonian economy is not currently in need of any additional stimulus, says Ardo Hansson, Governor of Eesti Pank.

He does however... more

17.03.2016
The Estonian Competitiveness Report written by experts from Eesti Pank has changed a little in its structure, and this time covers international price competitiveness in terms of effective exchange rates, and competitiveness in a broader sense, which covers the global market share of Estonian... more
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