The Eurosystem comprises the national central banks (NCBs) of the euro area along with the European Central Bank (ECB). As a member of the Eurosystem, the Bank of Finland participates in preparation of the single monetary policy, related decision-making and implementation in the euro area.
The main objective of Eurosystem monetary policy is to maintain price stability in the euro area and thereby safeguard the purchasing power of the euro. In the euro area, price stability is best maintained by aiming for a 2% inflation target over the medium term.
Current topics in monetary policy
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Inflation rate expected to stabilise at the target – Europe must find ways to increase productivity -
Account of the ECB Governing Council’s monetary policy meeting, 17-18 July 2024 -
ECB Monetary policy decisions -
Account of the ECB Governing Council’s monetary policy meeting, 5-6 June 2024 -
Bank of Finland conference discussed monetary policy decision-making and implementation in low and high inflation environments