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Finland's central bank begins process of recruiting governor

Olli Rehn's seven year term at Finland's central bank is due to expire next year
Olli Rehn's seven year term at Finland's central bank is due to expire next year

Finland's central bank said today it had started the process of recruiting a new governor as current chief Olli Rehn's seven-year term expires on July 12 next year.

A spokesperson for the Bank of Finland bank declined to comment on whether Rehn, who has served as governor since 2018, would seek a second term.

The sitting governor is a member of the Governing Council of the European Central Bank, and is therefore a party to decisions on the monetary policy of the euro area.

A parliamentary committee will propose a candidate to the government, with the final decision to be made by the country's president, according to the bank's statement.