ECB Could Face Biggest Personnel Shakeup Since 2019 This Year
By and Jana Randow
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The European Central Bank is set to enter a new phase of unpredictability as the terms of seven of its 26 interest rate-setters end by December, marking its biggest personnel shakeup since 2019.
They include the panel's longest-serving member, Klaas Knot of the Netherlands, along with several former finance ministers who were veterans of Europe's debt crisis and whose expertise may be missed as budgets are once again stretched and a US-led trade war unfolds.
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