Friday December 13, 2019

Key European Parliament committee backs Lane for ECB post

The Central Bank Governor told MEPs the ECB’s current policy was sufficient to respond to a limited adjustment in the economic outlook. His comments come amid signs that the euro zone outlook is deteriorating

26th February, 2019
Central Bank Governor Philip Lane

The European Parliament’s Economic and Monetary Affairs Committee has overwhelmingly backed the appointment of Central Bank Governor Philip Lane to the executive board of the European Central Bank.

This follows his appearance before the committee on Tuesday morning. The vote in favour was 33 to eight, with six abstentions.

The committee's vote will need to be confirmed by a full vote of the parliament in March. EU leaders will have the final word.

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