OSLO (Reuters) – Finland’s President Alexander Stubb has appointed Olli Rehn to a second seven-year term as head of Finland’s central bank, the government said in a statement on Friday.
Rehn will also retain his seat on the European Central Bank’s (ECB) governing council, which decides monetary policy for the euro zone.
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.
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 Terje Solsvik, editing by Stine Jacobsen)
