Bank of Finland Board Member Välimäki Says Path Back to 2% Inflation Has Become Less Comfortable

What was published

The Bank for International Settlements (BIS) published a dinner speech by Tuomas Välimäki, Board Member of the Bank of Finland. It was titled "The path back to 2 % has become less comfortable" and was delivered in Helsinki on 2 November 2026. The BIS posted it on 3 November 2026.

Topics covered

According to the BIS summary, the speech addresses the outlook for the euro area economy and inflation. The title suggests that returning inflation to the 2% level is now seen as a less comfortable process than before. The summary gives no further detail on the reasoning, the specific risks or any policy implications.

Why it matters for markets

Speeches by central bank officials are closely followed by participants in currency and rate markets, because they can shed light on how policymakers view inflation and economic conditions. Readers who want the details should consult the full text of the speech on the BIS website, as the summary alone does not describe its conclusions.

Notes for EA trading

Statements from central bank officials and related news can trigger sudden moves in currency markets. Spreads may widen and price swings may become sharper around such events. Traders running EAs may want to consider pausing them or reviewing their risk settings during volatile hours.