Pay cut for next Dutch central bank chief

nout-wellink

The next governor of the Netherlands Bank is to be paid almost a quarter less than his predecessor.

In a letter sent to the Dutch Parliament on Monday, finance minister Jan Kees de Jager has confirmed a 23% pay reduction for the next governor of the Netherlands Bank.

The successor to central bank president Nout Wellink, when his term ends in July, will earn get €315,000 ($447,492), down from Wellink's current salary of €406,650.

"The new salary is you could say the middle of the norm for the

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