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While the Bank of Estonia (Eesti Pank) forecast somewhat more trying economic times in the upcoming autumn and winter, in nominal terms the economy will continue to grow, due to increasing wages and prices, the central bank's director, Madis Müller, said, and no crash is on the way. ....
The current economic downturn is atypical in that it is primarily supply-side-related, and has no obvious light at the end of the tunnel, Bank of Estonia (Eesti Pank) chief Madis Müller said Tuesday. ....
Overly rapid price advance is like a devious tax that hinders the normal functioning of the economy and that no voter or politician has supported. This is something all policymakers should keep in mind, Governor of the Bank of Estonia Madis Müller writes. ....
Because the European Central Bank's decisions are based on the economic situation of the entire eurozone, Estonia needs to take other economic policy measures to contain its even faster than average price advance, Bank of Estonia head Madis Müller writes. ....
The European Central Bank may raise interest rates as early as July, not at the end of the year as expected, due to rapidly rising inflation, the head of the Bank of Estonia believes. ....