EU Parliament prefers Kazaks or Centeno as ECB's next vice president
Published by Global Banking & Finance Review®
Posted on January 14, 2026
1 min readLast updated: January 19, 2026
Published by Global Banking & Finance Review®
Posted on January 14, 2026
1 min readLast updated: January 19, 2026
The EU Parliament supports Kazaks and Centeno for ECB vice president. Final decision by euro zone finance ministers, with Olli Rehn also a strong contender.
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.
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.
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.
(Reporting by Balazs Koranyi, Editing yb Timothy Heritage)
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.
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.
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.
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