The Bank of Estonia PSPP and PEPP holdings are available for securities lending. The counterparties eligible for this lending are trading counterparties who have relevant agreements (GMRA agreements) with the Bank of Estonia.
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
Honourable President of the Riigikogu, Distinguished Members of the Riigikogu, I am pleased to present to you the annual report of Eesti Pank for 2019.
Rarely has the economy been in such a different position by the start of June... more
* The monthly purchase volumes are reported net of redemtions
** At amortized cost
From June 2015 to May 2016, Eesti Pank had a special exemption allowing it to buy the bonds of the state-owned transmission system operator Elering. From June 2016 the... more
The Eesti Pank reserves allow the central bank to remain independent of the government and ensure that it has sufficient capital to cover any possible losses. More broadly, the reserves help ensure confidence in the monetary system of the euro area and underpin the stability of the Estonian... more
Estonia joined the euro area at the beginning of 2011. In the euro area, the Eurosystem is responsible for the implementation of the single monetary policy. The Eurosystem consists of national central banks (NCBs) in the euro area and the European Central Bank (ECB) in Frankfurt. As a Eurosystem... more