The Supervisory Board of Eesti Pank decided today at its regular meeting to extend the term of office of Deputy Governor Ülo Kaasik for the next five years.

The Board gave unanimous support to the proposal of Eesti Pank Governor Madis Müller to nominate Ülo Kaasik for another term as... more

Madis Müller, Governor of Eesti Pank

Madis Müller leads Eesti Pank and is a member of the European Central Bank’s Governing Council, the highest decision-making body of the ECB that among other decisions sets monetary policy for the euro area. 

Madis Müller became Governor of Eesti Pank... more


At its regular meeting on Tuesday, the Supervisory Board recalled Maive Rute from the Supervisory Board of Finantsinspektsioon and appointed in her place Veiko Tali, who will start work as Deputy Governor of the central bank from the new year. The decisions come into force from 1 January.

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Eesti Pank and the International Monetary Fund (IMF) have signed a loan agreement under which Eesti Pank is ready to lend up to 380 million euros to the IMF if needed. The actual amount to be lent will become clear at the start of next year, and will probably be less than half of that.

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Senior managers of Eesti Pank attended a meeting of the Economic Affairs Committee of the Riigikogu on Tuesday, and noted that the longer the crisis lasts, the more need there will be to ease social problems. It should also be understood that the Estonian economy that emerges from the crisis may... more


Remuneration of the members of the Executive Board in 2018

No Position Name Total 2018 Basic salary Bonuses and benefits Other compensation [1] 1 Governor Ardo Hansson 116 698,39 105 181,13 11 517,26   2 Deputy... more

At this week’s regular meeting of the Eesti Pank Supervisory Board, Deputy Governor Ülo Kaasik presented the working version of the latest economic forecast from the central bank. The new forecast for 2019-2022 will be published on 17 December.

The Board approved the internal audit plan... more

Ülo Kaasik Deputy Governor of Eesti Pank

After the rapid growth in demand for labour in recent years, the economy is losing more and more momentum, and this is starting to restrain the growth in wages and consumption, said Deputy Governor of Eesti Pank Ülo Kaasik at the... more


Deputy Governor Ülo Kaasik is responsible for preparing monetary policy decisions, and leading economic research, financial accounting and reporting. He is also responsible for the information technology working environment and for coordinating the collection and disclosure of financial... more

Ülo Kaasik Deputy Governor of Eesti Pank

The Estonian economy has been one of the fastest growing in Europe in the past three years, and although that growth will slow this year, the labour market will not cool down so much, said Ülo Kaasik, Deputy Governor of Eesti Pank, to... more

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