Philip Lane is poised to become the next European Central Bank chief economist after no contenders emerged to challenge the Irishman’s claim on one of the key monetary-policy jobs available in the euro area this year.
The Irish central-bank governor was the only declared candidate after a deadline to field bids passed on Wednesday, according to Eurogroup president Mario Centeno. Lane’s appointment would give the country its first seat on the ECB’s Executive Board and put an academic economist with a doctorate from Harvard in charge of crafting monetary-policy recommendations.
