Annual Report

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 main objective of the Eurosystem’s monetary policy is to maintain stable prices in the euro area. Price stability is defined as an annual rate of increase in consumer prices below, but close to 2% over the medium term. Here, the value of money is held more or less unchanged and strong purchasing power is preserved.

The Bank of Finland safeguards financial stability. It assesses risks to the financial system, participates in macroprudential policy and compiles financial statistics.

The Bank of Finland is responsible for the availability and issuance of cash in Finland. In addition to domestic cash supply, the Bank of Finland's duties include tasks related to the development and security of payment systems.

The objective of the Bank of Finland’s financial asset management is to meet the liquidity, security and return requirements placed on the central bank while taking into account the risks and social responsibility aspects inherent in investment activities.

The Bank of Finland’s influence is based on expertise and research. The Bank takes a position on domestic and global economic issues as an independent institution.

The Bank of Finland’s sustainability programme focuses on the promotion of sustainable growth, exercise of influence via information and management of climate risks.