The State Treasury publishes a quarterly review, which includes information on recent developments in debt management and an outlook for the upcoming quarter, including auction dates.
The second outlook of 2022 has just been published with some improvements made to the content. From now on, Quarterly Reviews will include a section with the latest on Finland and ESG.
A quick summary:
— State Treasury is planning to issue a new euro benchmark bond in Q3, likely in 5-year maturity
— Auction calendar for Q3 has been published
— At the end of Q2, approximately 55% of foreseen long-term funding has been completed
— Russia’s war in Ukraine weakens outlook for the Finnish economy and slows down exports growth. Ministry of Finance expects Finland’s GDP to grow by 1.4% this year.
— Inflation is projected to be 5.8% this year, next year price pressures are expected to ease.
— The target of a carbon-neutral Finland by 2035 has been enshrined in the new Climate Change Act entering into force in July. The Act includes emission reduction targets for 2030 and 2040, and the target for 2050 is updated.
For full article, please continue to Quarterly Review Q2/2022 on Publications.