Lane receives support from Eurozone finance ministers for ECB role

Ireland’s central bank governor Philip Lane has received support from Eurozone finance ministers to become chief economist of the European Central Bank.

Lane was the only candidate put forward for the role, and the appointment is due to be confirmed by EU leaders in March.

The Ireland central bank governor will replace Peter Praet, a former director of the Belgian National Bank, and will serve a non-renewable eight-year term beginning from 1 June 2019.

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