Finance
Finnish government nominates Bank of Finland chief for new term
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Olli Rehn is nominated for a second term as Bank of Finland Governor, with the final decision pending from the Finnish President.
HELSINKI (Reuters) - Finland's government said on Thursday it has nominated Bank of Finland Governor Olli Rehn for a second seven-year term, paving the way for a final decision by the Nordic country's president.
Governor since 2018, Rehn was considered a favourite among the eight applicants for the top job and will begin his second term on July 12. Bank of Finland governors can serve a maximum of two terms.
"The President of the Republic will decide on the appointment on Friday 14 March," the government said in a statement.
The Finnish central bank chief also sits on the ECB's governing council, which decides monetary policy for the euro zone.
Rehn, 62, spent a decade at the European Commission and was economic and monetary affairs commissioner during the euro zone debt crisis.
Last year Rehn unsuccessfully ran for president of Finland.
(Reporting by Essi Lehto and Stine Jacobsen, editing by Terje Solsvik)
The article discusses the nomination of Olli Rehn for a second term as Bank of Finland Governor.
Olli Rehn is the current Governor of the Bank of Finland and a member of the ECB's governing council.
Rehn's nomination impacts euro zone monetary policy as he is part of the ECB's governing council.
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