The bank predicts GDP growth of two percent for this year. Inflation will remain lower than the average for the euro zone, it says. However there is a risk that the inflation rate will begin to rise, it says. The main factor creating upward pressure on prices is the price of fuel.
According to the bank's Director General, Erkki Liikanen, economic growth has staged a recovery since late summer, after the resolution of the long-running paper industry dispute. He says that exports and household demand in particular are supporting growth in output.