DUBLIN, March 3 (Reuters) - Irish Central Bank Governor Gabriel Makhlouf was re-appointed by the government on Tuesday for a second term and to represent the country at the European Central Bank's
Gabriel Makhlouf Reappointed as Ireland’s Central Bank Governor for Second Term
Gabriel Makhlouf’s Reappointment and Role at the Central Bank
Official Announcement and Term Details
DUBLIN, March 3 (Reuters) - Irish Central Bank Governor Gabriel Makhlouf was re-appointed by the government on Tuesday for a second term and to represent the country at the European Central Bank's governing council for another seven years.
Background and Policy Stance
Makhlouf’s Previous Experience
Makhlouf, who took over the role in Dublin from current ECB chief economist Philip Lane in 2019, is considered a centrist or moderate on the 27-member governing council who rarely deviates from the mainstream view on monetary policy.
Advice to the Irish Government
The former senior British civil servant and head of the New Zealand treasury has urged the Irish government throughout his first term to curb spending increases and tax cuts, with limited success.
Government Support and Future Outlook
Statement from Finance Minister
"Mr. Makhlouf is eminently qualified to perform the role of Governor of the Central Bank and the Government was pleased to support his nomination for reappointment," Finance Minister Simon Harris said in a statement.
Start of Second Term
Makhlouf's second term will start in September.
Reporting Credits
(Reporting by Padraic Halpin; editing by William James and Bernadette Baum)
