The latest economic forecast from Eesti Pank expects the economy to grow by 3% this year, and by about 2% in the next two years. As demand for labour subsides in the cooling economy, wages are expected to rise more slowly from next year. The years of high inflation have also ended.
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
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-effectsEuro area monetary policy: effects and side effects from Eesti Pank