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Considered a dove closely aligned with ECB President Mario Draghi Lane will be responsible for preparing monetary policy decisions one of the most vital positions at the bank NeutralBRUSSELS Euro zone finance ministers nominated Irelands central bank governor Philip Lane on Monday to be the next chief economist of the European Central Bank after the term of Belgiums Peter Praet ends on May 31 the ministers said in a statement http://www.reuters.com/subjects/euro-zonehttps://www.reuters.com/article/us-eurozone-eurogroup-ecb/euro-zone-ministers-approve-lane-as-next-ecb-chief-economist-idUSKCN1Q01Q62019-02-12
Nearly a third of the 25member Governing Council which includes ECB board members and governors of national central banks is also turned over this year an unusually high ratio NegativeBRUSSELS Euro zone finance ministers nominated Irelands central bank governor Philip Lane on Monday to be the next chief economist of the European Central Bank after the term of Belgiums Peter Praet ends on May 31 the ministers said in a statement http://www.reuters.com/subjects/euro-zonehttps://www.reuters.com/article/us-eurozone-eurogroup-ecb/euro-zone-ministers-approve-lane-as-next-ecb-chief-economist-idUSKCN1Q01Q62019-02-12