Still no decision on Norway’s new central bank governor

Øystein OlsenPhoto: Lise Åserud / NTB

The Norwegian Ministry of Finance now had more than a month to put a new central bank governor in place.

The current central bank governor, Øystein Olsen, is scheduled to resign on March 1. He is expected to give his annual speech on February 17.

“We expect to have a new boss in place by then. We’re working to make this happen as soon as possible. But we’re taking the time we need to ensure that we make a good decision,” communications manager Therese Riiser in the Ministry of Finance told NTB.

Olsen to leave after February 17?

If a new boss is not in place, there is formally nothing in the way of Olsen remaining in office, as his term of office does not expire until the turn of the year 2022/23.

In the press release issued when Olsen announced in August that he would resign, he said that he would remain at the helm of the central bank until the end of February – up to his 12th annual speech.

As is well known, the key contenders for the position are NATO Secretary-General Jens Stoltenberg and Norges Bank Deputy Governor Ida Wolden Bache.

Heated debate 

However, Stoltenberg’s candidacy has created a lot of debate in political circles due to his close ties to the Labor Party.

None of the candidates have so far withdrawn their applications, Riiser stated.

“If any of the relevant candidates withdraw their applications, we will inform (the public) about it,” she promised.

According to Riiser, there are “at least two” current applicants for the position. 

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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