• Germany nominates economist Isabel Schnabel for ECB board seat - sources

Market news

23 October 2019

Germany nominates economist Isabel Schnabel for ECB board seat - sources

The German cabinet on Wednesday nominated university professor Isabel Schnabel to the European Central Bank's executive board, two government sources told Reuters, giving Germany an expert voice on the bank's top decision-making body.

The decision was expected after a source said on Tuesday Schnabel would replace Sabine Lautenschlaeger, another German, who resigned from the ECB board last month after having unsuccessfully opposed more ECB stimulus.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.