HELSINKI (Reuters) - The Finnish economy is in recession and will contract 0.2% this year, the Bank of Finland said on Friday, updating its forecasts .
Finnish Economy Burdened by Weak Export Demand and Construction Woes usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The Bank of Finland (BoF) said the bank's deputy head Marja Nykanen will be acting Finnish central bank governor while its board member Tuomas Valimaki will take Rehn's place as a voting member of the European Central Bank's governing council. Finland's president wields significant power in areas such as foreign and security policy.
UPDATE 2-Finnish Central Bank Chief Olli Rehn to Run for President msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Finnish central bank chief Olli Rehn to run for president msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.