Norway Central Bank Norges Bank can lead a woman. Ovsen Olsen official in February will leave the post of the head of the Central Bank of the Central Bank of the Scandinavian country. As a succession, its current deputy is considered, I go Walden Bach. Reports about it Bloomberg.
Eystain Olsen was supposed to leave the post in January 2023, departing his second six-year term. Economist Bank Nordea Bank Dane Chekov and JPMorgan’s analyst Morten Lund believe that his premature dismissal makes it very likely to appoint Ida Wull Bach by the head of the Central Bank. The Ministry of Finance reported that the replacement process of Olsen begins and announced the new Chairman of the Central Bank already at the beginning of 2022. “This should not lead to a change in Norges Bank monetary policy. (…) The Monetary Policy Committee makes decisions based on consensus,” said Chekov from Nordea Bank.
Ida Walden Bach was born in 1973, received a doctorate at the University of Oslo and since 2013 held various positions in the Central Bank. From April 2020, she held the position of Deputy Head of Norges Bank for Central Bank operations.
At this time in Europe, the predominance of men on the main posts of financial state institutions remains unchanged. There is not a single chairman of the female central bank at the eurozone. The election of the head of the European Central Bank of Christine Lagard – while almost the only example reflecting changes in the EU gender policy. On the territory of Europe now only in four countries by Central Banks are managed by women: among them Russia, Serbia, Northern Macedonia and San Marino.
Norway coped with a pandemic better than many other countries through the use of funds from their national welfare fund, which has 1.4 trillion dollars and is the world’s largest. In September, the Norwegian government is going to reduce loan costs, since the economy has already been partially recovered.