Board

As laid down in the Finnish Constitution, the Bank of Finland operates under the guarantee and supervision of Parliament. The Bank's operations are supervised by the nine-member Parliamentary Supervisory Council, appointed by Parliament. The Bank's executive is its Board, composed of the chairman – the Governor – and a maximum of five other Board members. 

The Governor is appointed by the President of the Republic upon the recommendation of the Parliamentary Supervisory Council, while the other members of the board are appointed directly by the Parliamentary Supervisory Council. The eligibility criteria for a member of the Board are a higher academic degree appropriate for the position, conversance with the monetary economy or financial operations and proven management skills and experience.

The office of Governor of the Bank is for a seven-year term. Other members of the Board have five-year terms. The same person may be selected as an ordinary Board member for a maximum of three terms. Governors may be selected for two terms, even if they have previously served as a member of the Board.

The 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.

Members of the board

The present Board has three members. The Governor of the Bank of Finland is Olli Rehn. Marja Nykänen is Deputy Governor and Tuomas Välimäki is Member of the Board.


Latest speeches and interviews

  • Interview
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    | Olli Rehn

    Governor Olli Rehn: Interview in Süddeutsche Zeitung, 30 June 2025

    Governor Olli Rehn's interview on the question of whether the fight against inflation has already been won and what he expects from the new German government in its approach with Russia.

  • Speech
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    | Olli Rehn

    Securing Europe’s Future: Financial Resilience and Strategic Investment

    Governor Olli Rehn spoke about Europe’s future, financial resilience and strategic investment at the 10th RiskLab Finland, Bank of Finland and European Systemic Risk Board Joint Conference on AI and Systemic Risk Analytics in Helsinki on 27 June 2025.

  • Speech
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    | Olli Rehn

    Europe’s Triple Test: Defence, Decarbonisation and Dynamism

    Governor Olli Rehn spoke about the three major tests facing Europe — defence, decarbonisation, and dynamism — in Paris, in the OECD lecture series by central bank governors.

  • Speech
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    | Tuomas Välimäki

    Preventing Monkeys from running Monetary Policy operational frameworks

    Dinner speech by the Member of the Board Tuomas Välimäki at  the Bank of Finland & SUERF Conference on Monetary Policy Implementation: Old Wisdoms and New Trends in Helsinki on 11 June 2025.

  • Speech
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    | Tuomas Välimäki

    A new dawn, a new day, a new life for monetary policy implementation

    How we implement monetary policy shapes the financial system and its infrastructure in a fundamental way. – This is a moment of opportunity. The Eurosystem has a solid operational foundation. Now is the time to learn, refine, and adapt. We’re not starting from scratch. We’re building on years of experience, evidence, and excellent collaboration within the central banking community, said Member of the Board Tuomas Välimäki at the Bank of Finland & SUERF Conference on Monetary Policy Implementation: Old Wisdoms and New Trends in Helsinki on 11 June 2025.