We have recently had quite busy “tech weeks” in Helsinki. Just a few weeks ago Helsinki hosted one of the leading startup and tech events in the world – Slush. The programme of this year’s Slush was particularly topical, as it focused on the ethics and regulation of technology. Likewise, we at the central banking community consider ethics and regulation vital.
Apart from sizable increases in gasoline prices, inflation has been subdued in recent months. While the jump in energy prices is pushing up inflation temporarily, I anticipate that subsequently inflation will run at or below the Committee’s 2 percent objective for the foreseeable future. Let’s examine the economic outlook in greater detail before considering how that outlook shapes my views on appropriate policy.