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    <title>Bank of Finland Bulletin</title>
    <link>https://bankoffinlandbulletin.fi</link>
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    <language>en</language>
    <description>Bank of Finland Bulletin - Articles on the economy from the Bank of Finland</description>
    
      <item>
        <pubDate>Mon, 15 Jun 2026 07:15:00 +0300</pubDate>
        <title>China’s new plan follows a path set years ago</title>
        <link>https://bankoffinlandbulletin.fi/blogs/2026/china-s-new-plan-follows-a-path-set-years-ago/</link>
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          <category>Chinese economy</category>
        
        <description><![CDATA[In China’s economic planning cycle, the year 2026 is important. The new national five-year plan for 2026-2030 was approved.]]></description>
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      <item>
        <pubDate>Fri, 12 Jun 2026 04:59:52 +0300</pubDate>
        <title>Simply short: Finland’s economy at a turning point</title>
        <link>https://bankoffinlandbulletin.fi/article/summary/2026/simply-short-finland-s-economy-at-a-turning-point/</link>
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          <category>Finnish economy</category>
        
        <description><![CDATA[The Finnish economy is on the verge of stronger growth. Economic growth was already picking up in the early part of 2026. Growth will gradually gather pace and become more broad-based, which means that many sectors of the economy will start to see an improvement. The Iran conflict has led to an increase in the inflation rate. The conflict is also continuing to stoke uncertainty and is slowing the economy’s recovery.]]></description>
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      <item>
        <pubDate>Fri, 12 Jun 2026 04:59:51 +0300</pubDate>
        <title>Forecast: Finnish economy on verge of stronger growth</title>
        <link>https://bankoffinlandbulletin.fi/article/forecast/2026/forecast-finnish-economy-on-verge-of-stronger-growth/</link>
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          <category>Finnish economy</category>
        
        <description><![CDATA[Finland’s economy is on the verge of stronger growth, but growth is being slowed by the Middle East conflict. Despite the external challenges, the economy is forecast to grow at a gradually increasing rate. This year, growth will edge up to 0.7%, and in 2027 and 2028 it will rise to 1.2% and 1.4%, respectively. The inflation rate will increase this year to 2.4%, due to higher energy prices, but it will then moderate to around 1.7% in 2027 and 2028. The unemployment rate will fall slowly. Finland’s public finances will continue to be deeply in deficit, and public borrowing will continue to rise. This forecast for the Finnish economy is based on market assumptions that the rise in energy prices will remain relatively short-lived. The forecast’s alternative scenarios examine the economic impacts of both higher and lower oil and raw material prices than in the baseline forecast.]]></description>
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      <item>
        <pubDate>Fri, 12 Jun 2026 04:59:50 +0300</pubDate>
        <title>Forecast tables 2025–2028 (June 2026)</title>
        <link>https://bankoffinlandbulletin.fi/article/forecast/2026/forecast-tables-2025-2028-june-2026/</link>
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          <category>Finnish economy</category>
        
        <description><![CDATA[Despite the external challenges, the economy is forecast to grow at a gradually increasing rate. This year, growth will edge up to 0.7%, and in 2027 and 2028 it will rise to 1.2% and 1.4%, respectively. The inflation rate will increase this year to 2.4%, due to higher energy prices, but it will then moderate to around 1.7% in 2027 and 2028.]]></description>
      </item>
      
      <item>
        <pubDate>Fri, 05 Jun 2026 04:00:00 +0300</pubDate>
        <title>Significant differences across industries and regions in the costs of processing cash</title>
        <link>https://bankoffinlandbulletin.fi/article/analysis/2026/significant-differences-across-industries-and-regions-in-the-costs-of-processing-cash/</link>
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          <category>Money and payments</category>
        
        <description><![CDATA[Acceptance of cash as a means of payment is still important in the Finnish retail trade. The acceptance of cash in shops and various services ensures, in particular, the transactions of customers who do not have access to electronic means of payment or do not want to use them. It also ensures that consumers can pay for their purchases also when electronic payment systems are not available.]]></description>
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      <item>
        <pubDate>Wed, 20 May 2026 03:59:50 +0300</pubDate>
        <title>A strong banking sector is an important asset in a volatile world</title>
        <link>https://bankoffinlandbulletin.fi/article/summary/2026/a-strong-banking-sector-is-an-important-asset-in-a-volatile-world/</link>
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          <category>Financial stability</category>
        
        <description><![CDATA[Finland’s financial system has remained stable at a time when the operating environment has become more difficult. International conflicts have weakened economic conditions and caused turbulence in financial markets. Higher interest rates have led to housing markets freezing up, and this is especially so in Finland, where variable rate mortgages are common. It is important that Finnish banks and borrowers have good resilience to risks, as this is essential for sustainable economic growth. Europe should work together to ensure that companies can obtain finance in various ways from different sources. European cooperation would also strengthen the resilience of the banking sector to crises of different kinds.]]></description>
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      <item>
        <pubDate>Thu, 07 May 2026 04:30:01 +0300</pubDate>
        <title>Why are euro area households saving more than usual?</title>
        <link>https://bankoffinlandbulletin.fi/article/analysis/2026/why-are-euro-area-households-saving-more-than-usual/</link>
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          <category>International economy</category>
        
        <description><![CDATA[Since the COVID-19 pandemic, the household savings rate in the euro area has been exceptionally high, which explains the slow recovery in private consumption. The savings rate has been driven up in particular by the decline in households’ real wealth, higher interest rates and increased public deficits, and greater economic policy uncertainty also appears to have played a role. A rapid decline in the savings rate is unlikely without significant changes in economic conditions. Increased uncertainty due to the Middle East war and higher energy prices are instead slowing the recovery of private consumption and the return of the savings rate to its pre-pandemic levels.]]></description>
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      <item>
        <pubDate>Thu, 07 May 2026 04:30:00 +0300</pubDate>
        <title>Productivity and energy costs are weaknesses in euro area competitiveness</title>
        <link>https://bankoffinlandbulletin.fi/article/analysis/2026/productivity-and-energy-costs-are-weaknesses-in-euro-area-competitiveness/</link>
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          <category>International economy</category>
        
        <description><![CDATA[Economic growth in the euro area has been undermined in recent years by the erosion of competitiveness in relation to the United States and China. This has been mainly attributable to the subdued growth in labour productivity and the fact that energy has remained significantly more expensive than in competitor countries. Wage growth, on the other hand, has not been higher than in key competitor countries. The challenges are compounded by the euro area’s structural weaknesses and the geopolitical tensions in the operating environment, which highlights the need to strengthen both cost and non-cost competitiveness.]]></description>
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      <item>
        <pubDate>Thu, 09 Apr 2026 05:00:00 +0300</pubDate>
        <title>Finland’s economic performance will be overshadowed by rising energy prices</title>
        <link>https://bankoffinlandbulletin.fi/article/forecast/2026/finland-s-economic-performance-will-be-overshadowed-by-rising-energy-prices/</link>
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          <category>Finnish economy</category>
        
        <description><![CDATA[The Finnish economy started to grow towards the end of 2025, and growth continued at the beginning of 2026. This growth is still modest, however, and the economic outlook is now weakened and clouded by the high uncertainty over the war in Iran. According to the Bank of Finland’s March 2026 interim forecast, Finland’s gross domestic product (GDP) will grow at a slower pace than the Bank had forecast in December 2025. The forecast is based on market assumptions that the rise in energy prices will remain relatively short-lived. The economic impact of even higher oil and raw material prices than in the baseline forecast is also examined within the framework of this interim forecast. The impact on consumer prices and economic growth will depend crucially on the duration of the conflict.]]></description>
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      <item>
        <pubDate>Mon, 30 Mar 2026 07:00:00 +0300</pubDate>
        <title>High oil prices help, but won’t solve, Russia’s economic troubles</title>
        <link>https://bankoffinlandbulletin.fi/blogs/2026/high-oil-prices-help-but-won-t-solve-russia-s-economic-troubles/</link>
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          <category>Russian economy</category>
        
        <description><![CDATA[With the gyrating, generally upward trend in crude oil prices since the outbreak of the Iran war, oil price trends – particularly their impacts on Russian economic output and government finances – deserve consideration.]]></description>
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