Olli Rehn proposed as Bank of Finland governor

The government on Thursday proposed that Olli Rehn be appointed as the governor of Bank of Finland, said an official press release.

The president is supposed to make the final decision regarding the appointment on Friday, May 18.

The governor’s seven-year term in office begins on 12 July 2018.

Earlier, in late April, the Parliamentary Supervisory Council decided to propose Olli Rehn, now deputy governor of the Bank of Finland, as governor of the Finnish central bank.

He will replace Erkki Liikanen who is scheduled to complete his second and final seven-year term at the end of June.

The council made the choice unanimously from among 10 applicants for the post and the president will make the nomination based on the recommendation of the government.

A lawmaker of the ruling Suomen Keskusta (Centre Party of Finland), the 56-year-old Rehn had been elected lawmaker of the European Parliament and had served as the minister of economic affairs and at different key posts in EU.