BIS SPEECHEScentral bank
The courage not to act - moving towards a demand-driven operational mode
Hawkish Score-50Dovish
Trailing 3 speeches
Speaker DriftTuomas Välimäki · 3 speeches in 12motrend: shifting dovish
−100neutral band ±25+100
What changed vs prior statement
- 01Shift towards a demand-driven operational mode indicating possible adjustments in responsiveness to economic data.
- 02Emphasis on "courage not to act," suggesting a more cautious approach compared to earlier language on trust and resilience.
- 03No vote-record change reported.
From the original
Speech by Mr Tuomas Välimäki, Board Member of the Bank of Finland, at a Bank of Finland stakeholder event, Helsinki, 14 October 2026.