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Bank of Finland Bulletin - Articles on the economy from the Bank of Finland

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Bank of Finland Bulletin - Articles on the economy from the Bank of Finland

  • Suomeksi
  • Bank of Finland
  • Media

  • Home
    • Finnish economy
    • Money and payments
    • Financial stability
    • Monetary policy
    • International economy
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    International economy

    We monitor developments in the global economy, the euro area and key economic regions, and assess their impact on Finland. We publish analyses and blogs posts on topics such as international trade, economic policy, geopolitics, energy, and the economies of China and Russia.

    Analysis
    Analysis Published on 22 October 2026
    • International economy
    • Monetary policy
    • Lauri Vilmi

    The effects of energy shocks on inflation vary surprisingly widely over time

    In the euro area, movements in energy prices have at different points in time had different effects on core inflation. These effects emerge with a lag, because it takes time for energy prices to pass through to other prices. Inflation expectations in the euro area are currently stable. This moderates the impact of energy shocks on core inflation.

    • Analysis
      Analysis Published on 22 October 2026
      • International economy
      • Jaakko Nelimarkka
      • Lauri Vilmi

      Services have driven the euro area economy, but productivity growth rests on a few industries

      Services have been the main driver of economic growth in the euro area since the COVID-19 pandemic. The picture nevertheless varies from one industry to the next. Growth in the traditional service industries is slower than in information and communications. The wider adoption of artificial intelligence and robotics would strengthen productivity.

    • Analysis
      Analysis Published on 22 October 2026
      • International economy
      • Monetary policy
      • Markku Lehmus
      • Antti Jokiluoma
      • Jetro Anttonen

      Recent supply disruptions in the energy market have affected euro area inflation expectations

      Energy prices have had a significant impact on inflation in the euro area since the pandemic. The oil supply disruptions caused by the war in Iran have affected inflation expectations, but the effect has been moderate despite the oil production and supply shocks being considerable.

    Simply Short
    Simply Short Published on 06 October 2026
    • International economy
    • Monetary policy

    Euro area economy improving even amid crises

    Analysis
    Analysis Published on 07 May 2026
    • International economy
    • Lauri Vilmi
    • Markku Lehmus
    • Juho Pitkäranta

    Why are euro area households saving more than usual?

    Analysis
    Analysis Published on 07 May 2026
    • International economy
    • Sami Oinonen
    • Meri Obstbaum
    • Seija Parviainen
    • Harri Pönkä
    • Pasi Ikonen

    Productivity and energy costs are weaknesses in euro area competitiveness

    BOFIT blog
    BOFIT blog Published on 24 February 2026
    • International economy
    • Sinikka Parviainen

    Four years of full-scale war: How Ukraine is building economic strength

    Analysis
    Analysis Published on 01 October 2025
    • International economy
    • Monetary policy
    • Lauri Vilmi
    • Jaakko Nelimarkka
    • Markku Lehmus

    Will higher defence spending boost euro area growth?

    Analysis
    Analysis Published on 26 March 2025
    • International economy
    • Jaakko Nelimarkka
    • Markku Lehmus
    • Juhana Hukkinen

    Is the euro area investing enough?

    Analysis
    Analysis Published on 26 March 2025
    • International economy
    • Lauri Vilmi
    • Jetro Anttonen
    • Sanna Kurronen
    • Pasi Ikonen
    • Risto Rönkkö

    How will the trade war hit the economy?

    BOFIT blog
    BOFIT blog Published on 24 February 2025
    • International economy
    • Sinikka Parviainen

    Economic resilience key in Ukraine’s three-year fight for survival

    Analysis
    Analysis Published on 14 November 2024
    • International economy
    • Monetary policy
    • Markku Lehmus
    • Jetro Anttonen

    Impact of geopolitical surprises on euro area inflation varies case by case

    Analysis
    Analysis Published on 14 November 2024
    • International economy
    • Monetary policy
    • Lauri Vilmi
    • Jaakko Nelimarkka

    Will the euro area’s robust employment growth continue?

    Analysis
    Analysis Published on 14 November 2024
    • International economy
    • Monetary policy
    • Olli-Matti Laine
    • Aleksi Paavola
    • Eeva Kerola

    Impact of ECB’s policy rate changes on corporate loan rates varies strongly across countries

    BOFIT blog
    BOFIT blog Published on 11 November 2024
    • International economy
    • Sanna Kurronen

    Who’ll pay Trump’s tariffs?

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    Bank of Finland Bulletin

    Bank of Finland Bulletin’ is the Bank of Finland’s website for publication of topical articles on economic issues in English by Bank of Finland staff. The website is maintained by the Bank of Finland, which also has overall responsibility for the site.

     


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