Responsible fiscal policy would help keep faster inflation in check

If inflationary pressures in the Estonian economy are higher than the average in the euro area, it is the government that holds the tiller to steer Estonia’s local inflation rate. The government and the parliament can decide how much of the state budget can be put into the economy through spending and so drive inflation.

Pressiteated

Vaata kõiki teateid

03.03.2023

Speech by Madis Müller, Governor of the Bank of Estonia March 3, 2023 at the Bank of Slovenia

27.07.2022

Deposits by households in savings and loan associations increased steadily in the second quarter

28.04.2022

test 04.28 EN

27.09.2021

The recovery in the economy has led to growth in corporate borrowing

Majanduse põhinäitajad

5.6%

YEARLY CREDIT GROWTH

August 2021 compared to August 2020

12.9%

YEARLY GROWTH IN THE ECONOMY

Q2 2021 compared to Q2 2020

6.9%

Unemployment

Q2 2021

Annual inflation

August 2021 compared to August 2020

Kalender

Vaata kalendrit

september

2028

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Publikatsioonid

Vaata kõiki publikatsioone

5/2021 Eva Branten. The role of risk attitudes and expectations in household borrowing in Estonia

Publikatsiooni 4/2021 Jaanika Meriküll, Maryna Tverdostup. The gap that survived the transition: the gender wage gap over three decades in Estonia kaanepilt

4/2021 Jaanika Meriküll, Maryna Tverdostup. The gap that survived the transition: the gender wage gap over three decades in Estonia

Work stream 3: A New Solution – Blockchain and eID

Eesti Pank Annual Report 2020

Kiirviited

Eesti Pank Museum

3. May 1919 CENTRAL BANK COMMENCES OPERATIONS. The fixed capital of 10 million marks was recorded in the general ledger and Eesti Pank commenced regular operations.

MUSEUM

Euro

On the front, the banknotes display windows and gateways. They symbolise the European spirit of openness and cooperation. The 12 stars of the European Union represent the dynamism and harmony of contemporary Europe. The bridges on the back symbolise communication between the people of Europe and the rest of the world. The architectural style of the particular era was used in the design, with no reference to specific buildings.…

Estonian kroon

Exchange kroons

The Estonian monetary system was based on the system of the currency board, meaning that the exchange rate of the kroon was strictly pegged to a reserve currency. From then until 31 December 2001 the exchange rate of the kroon against the German mark was fixed at EEK 8 = DEM 1, and thereafter the exchange rate of the kroon against the euro was fixed at EEK 15.6466 = EUR 1 (the exchange rate effective to date).…