19.12.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
11.10.2018
Securities lending of Bank of Estonia PSPP holdings

The Bank of Estonia PSPP 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.

Eligible... more

20.09.2018
A lot of countries have had to adapt to expanding trade barriers since spring of this year, though these have not damaged the growth in global trade, at least not yet. Growth slowed a little in the summer months in the global economy as a whole, but this was partly caused... more
27.08.2018

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

28.06.2018

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

26.06.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
12.06.2018

Governor of Eesti Pank and member of the Governing Council of the European Central Bank Ardo Hansson says there is no reason to hope that interest rates on loans will forever remain as low as they are now.

  • The central banker believes that the Estonian economy is already simmering... more
12.04.2018

Governor Ardo Hansson gave a lecture to the Research Centre SAFE (Sustainable Architecture for Finance in Europe) at Goethe University entitled Euro Area Monetary Policy: Effects and Side-effects 

Euro area monetary policy: effects and side effects from Eesti Pank
05.04.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
28.03.2018
  • The economy was driven upwards mainly by a burst of growth in demand
  • Increased investment is required for the economy to continue to succeed
  • An increase in employment rather than in investment has brought the labour market very close to overheating

The year... more

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