2 publishers · first seen Mon, 09 Nov 2026 04:29 UTC · updated Tue, 10 Nov 2026 15:52 UTC
The European Union aims to appoint the next head of the European Central Bank by the end of the year, following Christine Lagarde's announcement to step down early. The two leading candidates are former Dutch Central Bank Governor Klaas Knot and Spanish economist Pablo Hernández de Cos. The Eurogroup, led by Kyriakos Pierrakakis, is set to recommend a candidate to EU leaders, who will make the final decision. Meanwhile, the European Central Bank has selected 36 payment service providers for a digital euro pilot, set to begin in the second half of 2027, though a public launch is not imminent and depends on legislative progress and decisions.
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