The Bank of Finland's strategy states that the Bank is Finland's monetary authority and member of the Eurosystem. The Bank of Finland promotes price stability and the stability, efficiency and European integration of the financial system. These create the prerequisites for economic growth and employment. The Bank is also responsible for the country's currency supply and foreign exchange reserves.
Strategic goal: promoter of stability
The Bank of Finland is an active and constructive member of the Eurosystem. The Bank's operations are founded on high quality, transparency and cost efficiency. The Bank also promotes transparency and efficiency throughout the Eurosystem.
The Bank's expertise makes it a sought-after and trusted partner both in the preparation of euro area monetary policy and financial market policy as well as in domestic economic policy making. This expertise is based on leading edge central bank research, high-quality statistics, effective international relations and consistent development of personnel skills.
The Bank of Finland provides reliable and timely financial stability analysis, embracing the entire financial system and integrated with the Bank's macroeconomic analysis and contingency planning against financial crises. The Bank exercises its financial stability role in close cooperation with domestic and foreign authorities.
The Bank of Finland ensures the availability of internationally competitive central bank services to credit institutions and other market participants operating in Finland. In terms of currency supply, the Bank of Finland focuses on its supervisory and developmental role, ensuring that the Finnish currency supply caters to the needs of the Finnish economy and consumers in an appropriate and cost-efficient manner within the payment system framework.
Foreign exchange and investment risks are kept at levels necessary to meet the crisis management requirements and international obligations of a euro area national central bank. The Bank's assets generate a competitive rate of return, in view of the level of risk chosen. Appropriate risk management and cost efficiency provide scope for stable profit distribution in reasonable proportion to the Bank's equity.