The Bank of Finland’s operations and strategy
1.1 The Bank of Finland in a nutshell
The Bank of Finland is Finland’s monetary authority and national central bank. At the same time it is a part of the Eurosystem, which is responsible for monetary policy and other central bank functions in the countries of the euro area as well as administering the world’s second largest currency, the euro.
The main objective of the Eurosystem and the Bank of Finland is price stability, which means a very moderate rise in consumer prices.
The Bank of Finland has both domestic objectives and objectives relating to the Eurosystem.
Bank of Finland
- prepares and implements monetary policy in Finland
- oversees the stability of the financial system and produces statistics
- conducts research and participates in economic policy debate
- takes care of clearing for interbank payments and manages its own investments
- maintains stable and efficient payment systems and issues banknotes and coins into circulation.