Austria chooses new bank boss

Vienna – Former economy minister Harald Mahrer will be appointed the next president of Austria’s central bank, Finance Minister Hartwig Loeger said yesterday.

Mahrer, a 45-year-old conservative, will take over from Claus Raidl at the end of this month.

The president runs the General Council that supervises the Austrian National Bank and advises its governing board. The job is considered far less influential than the governorship.