Central Banks
Spain Picks Minister Escriva to Lead the Central Bank
- One of his first tasks will be to help decide on rate cut
- Escriva has worked at ECB, BIS, fiscal watchdog and BBVA
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Spanish government minister Jose Luis Escriva was selected as the country’s central bank chief, in time to partake in the euro zone’s likely decision next week to cut interest rates.
The 63-year-old minister for digital affairs won the role after months of political wrangling over who should succeed Pablo Hernandez de Cos, whose term ended in June. Economy Minister Carlos Cuerpo made the announcement to a parliamentary committee in Madrid on Wednesday.