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Finance

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 read

· Last updated: January 19, 2026

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EU Parliament prefers Kazaks or Centeno as ECB's next vice president

Appointment European Central Bank financial community monetary policy

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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

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)

Key Takeaways

EU Parliament supports Kazaks and Centeno for ECB vice president.
Final nomination by euro zone finance ministers on Monday.
Olli Rehn is considered a strong candidate.
Parliament's role is advisory in the selection process.
Six candidates are in the running for the position.

Frequently Asked Questions

What 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.

What 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.

What 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.

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EU Parliament prefers Kazaks or Centeno as ECB's next vice president

EU Parliament Backs Kazaks and Centeno for ECB Vice Presidency