The Bank of Finland’s activities and strategy

The Bank of Finland’s vision is to be a forward-looking and effective central bank and a constructive and influential member of the Eurosystem.

The Bank of Finland is Finland’s monetary authority and national central bank. It is also a member of the Eurosystem.

The Eurosystem is responsible for the monetary policy and other central banking activities of countries in the euro area and administers the use of the world’s second largest currency, the euro. The primary objective of the Eurosystem and the Bank of Finland is price stability.

The Bank of Finland approaches its vision across a broad front

The Bank of Finland’s vision is to be a forward-looking and effective central bank and a constructive and influential member of the Eurosystem.

In realising its vision, the Bank of Finland attaches particular attention to the high quality of its expertise, the availability of competitive central bank services, the service level of the financial markets, maintenance of capital adequacy and liquidity, working processes and the wellbeing of its staff.

The key near-term challenges for the Bank of Finland relate to the monetary policy strategy, safeguarding financial stability, the payments revolution, influencing economic policy and climate change. In order to rise to these challenges and develop the Bank’s operations, the Board decided in 2019 on eight key strategic projects.

Climate change is an important strategic theme in the area of sustainability

Moderating climate change will require the efforts of all central banks. In 2019 this became an important theme on the chart of the Bank of Finland’s strategic risks.

Sustainability is a prominent factor in all the Bank of Finland’s activities. In addition to environmental impacts, in autumn 2019 the Bank assessed its activities from the angle of economic and social impacts. The result was the launch of the sustainability programme, implementation of which will continue in 2020.