Bank of Finland

The Bank of Finland was active throughout the year within its sphere of responsibility, promoting a stable economy and sustainable economic growth.

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 and for administering the world’s second largest currency, the euro.

The ECB and the national central banks are the main international partners of the Bank of Finland. The Governor of the Bank of Finland, Olli Rehn, is a member of the Eurosystem’s highest decision-making body, the Governing Council of the ECB. The Governing Council’s principal task is to decide on the monetary policy of the euro area.

Satisfaction at work is monitored at the Bank of Finland using the PeoplePower index. The Bank of Finland was ranked among ‘Finland’s most inspiring workplaces 2023’ in recognition of the results from its staff survey. The title is awarded annually to the best-performing organisations that take part in Eezy Flow’s PeoplePower survey.

The Bank of Finland’s most significant sustainability measures concerned implementation of the ECB’s climate strategy and the sustainability objectives in the Bank’s financial assets management. The Bank of Finland continued its preparatory work to take into account climate risks in monetary policy purchases of securities and in the collateral framework. In 2023, the Eurosystem published its first climate report on ‘Climate-related financial disclosures of the Eurosystem’s corporate sector holdings for monetary policy purposes’.

The Bank of Finland revised its communications policy on the basis of the Bank’s strategy. The new core message is ‘Securing stability using high-quality data’, which indicates the Bank of Finland’s role in society.

The key figures set out in the Bank of Finland’s Data Balance Sheet provide a picture of the central bank’s data-intensive work and its information resources. The key figures, data collections, analytical background information and details of improvements in information management are presented more extensively in the Bank of Finland’s Data Balance Sheet, which is to be published in Finnish and in English in April.