Erkki Liikanen: Economics and economic policy Speech by Mr Erkki Liikanen, Governor of the Bank of Finland, Helsinki, 10 April 2018. * * * The central bank is an organisation of public servants. Public service bodies obtain their essential mandate from elected bodies.
Within the Eurosystem, the central banks and their governing bodies have been given a definite mandate, including independence in monetary policy issues. In recent years, central banks have also been assigned new responsibilities in the field of macroprudential policy. As part of the Eurosystem, the Bank of Finland participates in monetary policy decision-making and implementation.