At the ECB, Lagarde's succession will likely become a duel between Falke and Taube, Dutchman versus Spaniard.
A recognised expert in monetary policy is likely to succeed the French lawyer, and both candidates are considered pragmatic. Now, the eurozone countries must reach a political agreement.
The European Central Bank (ECB) is set to appoint a new president, with Klaas Knot, a Dutch economist, and Pablo Hernández de Cos, a Spaniard, emerging as top candidates. Both have experience leading their national central banks and are members of the ECB's Governing Council. Knot, who led the De Nederlandsche Bank from 2011 to 2025, is seen as a moderate "hawk" who prioritizes low inflation, while Hernández de Cos, who heads the Bank for International Settlements, is viewed as a "dove" who balances inflation control with economic growth. The appointment is subject to agreement among Eurozone countries.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
