Beginner’s luck

23 October 2019 By Swaha Pattanaik Follow @swahapattanaik

Berlin is set to nominate Isabel Schnabel to the central bank’s board. The university professor would bring economic expertise, and, judging by public comments, more open views on monetary policy than her Teutonic predecessor. The new ECB president would welcome both qualities.

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Germany will nominate university professor Isabel Schnabel to the European Central Bank's executive board, a source familiar with the process told Reuters on Oct. 22.

A member of the German Council of Economic Experts, the country's "wise men", Schnabel would replace Sabine Lautenschlaeger, another German, who resigned from the ECB board last month after having unsuccessfully opposed more ECB stimulus.

Lautenschlaeger will leave the ECB board on Oct. 31. However, European officials are unlikely to approve her replacement before December.

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