Europe
ECB's Demarco signals rate hikes likely as oil shock persists
Bank of Malta governor breaks with dovish colleagues to warn that even a ceasefire may not lower energy prices enough to avoid tightening at June meeting.
Person
Luis de Guindos
Vice President of the European Central Bank, European Central Bank
What we have reported
- Among the policy doves continuing to call for restraint and more data before supporting rate increases.
- Incumbent vice president whose eight-year term ends on 31 May 2026, creating the vacancy.
- Preparing to leave his post in June 2025, creating the first vacancy in the coming reshuffle and fuelling speculation about Spain's ambitions.
Coverage
Europe
Croatia's Vujčić wins surprise ECB vice presidency vote
Eurozone finance ministers defied parliament and frontrunner expectations to back the Croatian central bank governor, reshaping the race for the ECB's top jobs over the next two years.
Europe
Spain and Germany position for ECB presidency as Lagrace era nears end
With Christine Lagarde due to step down in 2027, Madrid and Berlin, the eurozone's fourth and largest economies, are quietly manoeuvring for the first time to lead the central bank, while a Dutch dark horse lurks.
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