Finance
EU Parliament prefers Kazaks or Centeno as ECB's next vice president
Published by Global Banking and Finance Review
Posted on January 14, 2026
EU Parliament Backs Kazaks and Centeno for ECB Vice Presidency
Candidates for ECB Vice Presidency
FRANKFURT, Jan 14 (Reuters) - The European Parliament's Committee on Economic and Monetary Affairs said on Wednesday it is supporting the candidacy of Latvia's Martins Kazaks and Portugal's Mario Centeno to become the European Central Bank's next vice president.
Role of the European Parliament
While Parliament has a role in the selection process, the eventual nomination will be made on Monday by euro zone finance ministers, who could ultimately opt for another candidate from a list of six.
Current Candidates Overview
ECB watchers have so far considered Finland's Olli Rehn as the candidate to beat, while also giving Kazaks and Croatia's Boris Vujcic good odds.
Potential Nomination Outcomes
(Reporting by Balazs Koranyi, Editing yb Timothy Heritage)
Frequently Asked Questions about EU Parliament prefers Kazaks or Centeno as ECB's next vice president
1What is the European Central Bank?
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, aiming to maintain price stability and oversee the financial system.
2What is monetary policy?
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation and stabilizing currency.
3What is a vice president in a central bank?
The vice president of a central bank assists the president in managing the bank's operations and may represent the bank in various financial and economic discussions.
