The Governing Council of the European Central Bank decided to start monthly asset purchases of 60 billion euros from March 2015. From April 2016 the average monthly purchase volume has been 80 billion euros. It is planned that the monthly purchases will be made until March 2017, but they will... more
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
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
Interview with Süddeutsche Zeitung
Ardo Hansson, Governor of Eesti Pank
Conducted by Markus Zydra on 18 December
Published on 20 and 23 December 2014
SZ: Mr. Hansson, the ECB council has been discussing whether to buy stocks, bonds and... more
European Central Bank Governing Council member Ardo Hansson comments on potential government-bond purchases, deflation, oil prices, exchange rates, Greece, the economic outlook and Estonia.
Hansson, who also heads Estonia’s central bank, made the remarks in an interview in Frankfurt ... more