LISBON (Reuters) -Portuguese economist Alvaro Santos Pereira will take over as governor of the Bank of Portugal and member of the European Central Bank's Governing Council as of Monday, succeeding
Alvaro Santos Pereira Becomes New Governor of the Bank of Portugal
Appointment of the New Bank Governor
LISBON (Reuters) -Portuguese economist Alvaro Santos Pereira will take over as governor of the Bank of Portugal and member of the European Central Bank's Governing Council as of Monday, succeeding Mario Centeno, the government said on Friday.
Background of Alvaro Santos Pereira
In July, the centre-right minority administration nominated Santos Pereira, who served as economy minister in 2011-2013 and has until recently worked as the chief economist at the Organisation for Economic Cooperation and Development, for the job.
Monetary Policy Stance
He was officially appointed after a parliamentary hearing last month, where he said he was not a so-called dove, a term used for those who favour looser monetary policy.
Predecessor's Influence
Centeno, who had been appointed by a previous centre-left government after serving as finance minister, has been a vocal ECB dove.
(Reporting by Andrei Khalip)
