Andrew Haldane: Folk wisdom

Speech by Mr Andrew G Haldane, Executive Director and Chief Economist of the Bank of England, at the 100th Anniversary of the Bank of Estonia, Tallinn, 19 September 2018.

I am delighted to be here to celebrate the 100th anniversary of the founding of the Bank of Estonia. It is a particular privilege to be giving this lecture in the Bank's "Independence Hall" - the very spot where, on 24 February 1918, Estonia's Provisional Government was formed. The founding of the Bank of Estonia followed on the Republic's first birthday in 1919.