The Central Bank of Estonia reported that its Supervisory Board discussed amendments to the central bank’s statute and reviewed the procedures for nominating candidates for Governor, as a preparatory step to ensure the Board is ready to select a candidate for the next Governor during 2025. Under the legal process, the Supervisory Board selects the Governor candidate and the President of the Republic of Estonia confirms the appointment. The Governor’s term is seven years and a Governor may not serve more than one consecutive term; the current Governor, Madis Müller, holds office until June 2026. Candidates must complete background security checks by the Estonian Internal Security Service, which can take up to three months, and the next Supervisory Board meeting is scheduled for 13 May.
Central Bank of Estonia 2025-04-30
Central Bank of Estonia Supervisory Board reviews statute changes and governor nomination process ahead of selecting next governor
The Central Bank of Estonia's Supervisory Board discussed amendments to its statute and reviewed procedures for nominating the next Governor, preparing for the 2025 selection. The Governor is selected by the Board and confirmed by the President of Estonia, with a term of seven years. Current Governor Madis Müller serves until June 2026.