Olli Rehn of Suomen Pankki - Finlands Bank sits on the European Central Bank's Governing Council

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Olli Rehn of Suomen Pankki - Finlands Bank sits on the European Central Bank's Governing Council

Background

The European Central Bank names Olli Rehn as Governor of Suomen Pankki - Finlands Bank and a member of its Governing Council.
The ECB describes the Governing Council as its main decision-making body, consisting of the six members of the Executive Board plus the governors of the national central banks of the euro area countries.
Christine Lagarde is the President of the ECB and Boris Vujčić the Vice-President.
The Governing Council usually meets twice a month and takes its monetary policy decisions every six weeks.
Those decisions are explained in detail at a press conference held every six weeks, chaired by the President and assisted by the Vice-President.
National central bank governors take turns holding voting rights on the Governing Council under a rotation system triggered by Lithuania's accession to the euro area.

Governor, Suomen Pankki - Finlands Bank: Olli Rehn President of the ECB: Christine Lagarde Governing Council composition: Six Executive Board members plus euro area national central bank governors Monetary policy decisions: Every six weeks Voting rotation triggered by: Lithuania's accession to the euro area on 1 January 2015

Why it matters for exams: Finland's seat on the ECB Governing Council through its national central bank governor is a standard question on the euro area and on Finland's currency.

Kerala PSCUPSCBank

1 October 2026 Source: European Central Bank — Governing Council

In plain words

ECB European Central Bank — The central bank for the euro, which sets monetary policy for the euro area.

Suomen Pankki Suomen Pankki - Finlands Bank — Finland's national central bank, part of the Eurosystem.