Matti Vanhala to retire on disability pension
The Governor of the Bank of Finland, Matti Vanhala will take sick leave from next Monday, 15 March, and retire on disability pension from 1 April 2004. Mr Vanhala's departure from the Bank is due to his previously-diagnosed cancer. His future medical treatment prevents his continued handling of his official duties.
The duties of Governor of the Bank of Finland will be assumed by Matti Louekoski until such time that a new Governor is installed. Mr Louekoski will also hold full voting rights as member of the Governing Council of the European Central Bank. The duties of the other members of the Board will remain unchanged.
Vanhala, 58, was diagnosed with a tumor in the urinary bladder in 1999 and was on sick leave for several months last year. His mandate was to expire in June 2005.
The Parliamentary Supervisory Council will initiate the appointment process for Mr Vanhala's successor.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
BoE chief economist explains his votes for pre-emptive hike
Wait-and-see approach to monetary policy risks signalling bias towards status quo, says Pill
Demographics force central banks into balancing act – Goodhart
Panel weighs risks to central bank independence from fiscal pressures, in part due to ageing societies
Malaysia holds but hints at future tightening
BNM no longer referring to its monetary policy stance as ‘appropriate’
Higher global yields complicate ECB’s position, Nagel says
Bundesbank president says inflation too high, and backs eurozone-wide debt earmarked for defence
Low inflation allows Israel to continue easing cycle
Borrowing costs reach almost four-year low as central bank makes quarter point cut
Low inflation depends on sound markets – SNB’s Martin
Bank’s vice-chair argues monetary policy and financial stability ‘reinforce each other’
The implications of AI on monetary policy
AI advances represent a demand pressure today and a potential positive supply shock tomorrow, argues the National Bank of Romania’s Leonardo Badea
Hungary cuts rates as inflation hits lowest level in nearly a decade
Monetary policy council votes to reduce base rate to 5.5%, extending easing cycle