The best qualified candidate is unlikely to become the European Central Bank...
BENGALURU/FRANKFURT - The best qualified candidate is unlikely to become the European Central Bank’s next president given the political intricacies of the selection process and legal hurdles, a Reuters poll of over 50 economists suggested.
As ECB policymakers traditionally line up behind their president, the position is unusually powerful in setting the policy agenda, a role Draghi mastered when he staved off the currency bloc’s demise with a few well chosen words. But when asked who was the most likely to win, well over a third of economists polled picked Liikanen, with the remainder almost equally split between French central bank chief Francois Villeroy de Galhau, Finnish central bank Governor Olli Rehn, Weidmann and Coeure.
The selection process is expected to start after European elections in late May and the ECB job is likely to be part of wider horse-trade of top jobs along with the head of the EU Commission and Council. The next ECB president will have to carefully balance Germany’s demand for policy normalization after years of central bank support and the need for further policy stimulus for other euro zone countries like Italy, which is in recession.
Benoit Coeure, board member of the European Central Bank , is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt, Germany, May 17, 2017. Picture taken May 17, 2017. REUTERS/Kai Pfaffenbach
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
ECB needs oversight of clearing houses if it is to fund them - CoeureThe European Central Bank needs to have appropriate oversight of both domestic a...
Lire la suite »
ECB to delay rate hikes to next year, restart cheap loans soon: Reuters pollFaced with a serious slowdown in euro zone economic growth, the European Central...
Lire la suite »
Dollar stays near two-week high as euro flags ahead of ECB meetingThe dollar stood close to a two-week high against key peers on Tuesday, shored u...
Lire la suite »
Daily Briefing: Back to normal - ECB too late?Daily Briefing: - ECB to delay rate hikes to next year - Reuters poll - U.S. lays out its objectives for a post-Brexit trade deal with UK - All eyes on far-right in Estonia's election
Lire la suite »
Dollar hovers near two-week high as euro flags ahead of ECB meetingThe dollar held near a two-week high against its key rivals on Tuesday, underpin...
Lire la suite »
Euro zone inflation's rise is a mixed bag for ECBEuro zone inflation inched up last month, Eurostat said on Friday, mild comfort ...
Lire la suite »
A day of reckoning for the ECB?The European Central Bank has downplayed a global slowdown for months, but it wi...
Lire la suite »
Will a worsening outlook for inflation force the ECB to act?With growth slowing and investors pessimistic about inflation, it could be costly if the European Central Bank delays easing
Lire la suite »
ECB, BoE activate swap line ahead of BrexitThe European Central Bank and the Bank of England activated a standing currency ...
Lire la suite »
ECB need not change rate guidance just yet, Weidmann saysGermany's economic weakness may last longer than expected, but the European...
Lire la suite »