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
Governor of Eesti Pank Madis Müller told the Riigikogu in his speech on Tuesday that the state should be ready to give people more support than before for retraining because unemployment will start to rise following the coronavirus crisis and there will be changes in the jobs needed in the... more
Governor of Eesti Pank Ardo Hansson told the Riigikogu on Tuesday that the Estonian government has acted correctly by keeping its budget in balance, as now is not the time from the economy’s perspective to increase spending significantly.
He explained that the central bank does not give... more
- The central bank finds that reserves could be increased gradually to 500 million euros
- Eesti Pank’s fixed capital and reserve capital are both currently 100 million euros and the bank has total capital buffers of 451 million euros
- Recent risk assessments reveal that if a... 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