ECB Presidency Selection Begins Following Christine Lagarde's Resignation

From rte.ie

From rte.ie

• Christine LagardePresident of the European Central Bank who resigned, kicking off the selection process.
• Klaas KnotDutch economist and a leading candidate for the ECB presidency.
• Mario DraghiFormer ECB predecessor whose policy actions influenced the institution Lagarde led.

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

• Santander GroupSpeculative

  Santander Group could see changes in lending rates and funding costs due to policy uncertainty.

• Nagel is seen as least likely to succeed ECB presidentNagel is seen as least likely to succeed ECB presidentPossible
• The Eurogroup may need to adapt its coordination mandate based on new ECB policy directionThe Eurogroup may need to adapt its coordination mandate based on new ECB policy directionPossible
• ECB leadership uncertainty may increase policy risk for Bank of SpainECB leadership uncertainty may increase policy risk for Bank of SpainPossible
• New ECB leadership may shift the Governing Council's policy directionThe Governing Council's policy direction may shift with a new ECB PresidentPossible
• New ECB leadership may alter global monetary policy dialogue with the US Federal ReserveNew ECB leadership may alter global monetary policy dialogue with the US Federal ReservePossible

• Thu 00:00rte.ie