07.10.2020
Occasional Papers of Eesti Pank 2/2020 Authors: Helen Ljadov, Reet Reedik, Raido Kraavik, Taavi Raudsaar, Lauri Matsulevitš, Dmitry Kulikov, Kaspar Oja, Lenno Uusküla, Nicolas Reigl, Karsten Staehr Several central banks have started using negative interest rates alongside other nonstandard... more
23.09.2020
Raido Kraavik Economist at Eesti Pank

The housing loan market has rebounded from the low point it hit during the crisis. Lending volumes have increased gradually from June, and 107 million euros of housing loans were issued in August. The average amount taken as a housing... more

22.09.2020

The latest research by Eesti Pank shows that the monetary policy of the Eurosystem affects growth and inflation in the Estonian economy more than it does in the euro area on average.

In broad terms, monetary policy affects how available and how expensive credit is in the economy. By... more

26.08.2020
Raido Kraavik Economist at Eesti Pank

The bank deposits of the Estonian non-financial sector have grown strongly in recent years, and since the start of the coronavirus crisis the rate of growth of deposits has increased even further. The yearly growth in deposits was 11% in... more

26.05.2020
Raido Kraavik Economist at Eesti Pank

Restrictions introduced because of the coronavirus mean a broad economic downturn is expected this year, and so many companies and households will face difficulties in repaying their loans. To avoid payments becoming overdue, the banks... more

24.04.2020
Raido Kraavik Economist at Eesti Pank

The sharp deterioration in the economic environment caused by the emergency situation has affected the market for car leases very fast. Reduced demand for car leases was one of the first signs of the loan market cooling. Momentum meant... more

24.03.2020
Raido Kraavik Economist at Eesti Pank

Eesti Pank today publishes the banking statistics for February, which show how banking and the credit market were functioning before the economy was affected by the spread of the coronavirus. The economic restrictions that have been put... more

26.02.2020
Raido Kraavik Economist at Eesti Pank

Although the lending market was calmer in January than in the preceding months, some 100 million euros of housing loans were issued. This means that demand for loans was still strong, given that there is usually less borrowing activity in... more

24.01.2020
Raido Kraavik Economist at Eesti Pank

The banking sector in Estonia earned net profit of 285 million euros in 2019, which was one fifth less than in the previous year. The main reason for this was structural changes in the banking market. The net interest income and net... more

27.12.2019
Raido Kraavik Economist at Eesti Pank

The housing loan market remained active in November 2019. Although growth has been seen to slow in the economy of late, labour market conditions continue to favour workers. Rapid growth in wages has kept confidence high and demand for... more

Subscribe to Keyword: interest rates
Subscribe to Keyword: interest rates