Spain's Central Bank May Be Led by a Woman for the First Time [BNN Bloomberg (Canada)]
CAIXABANK SA UNSP/ADR (CAIXY)
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Source: BNN Bloomberg
Montserrat Martinez, currently vice president of securities regulator CNMV, is seen as the front-runner to replace Governor Pablo Hernandez de Cos when his mandate ends in mid-June, according to people familiar with the matter. The field also includes the head of the Financial Stability Institute and a current deputy of De Cos, said the people, who asked not to be identified discussing private deliberations. The position carries with it a seat on the European Central Bank's 26-member Governing Council, which sets interest rates for the currency bloc and where the 20 national central-bank bosses are all men. Spanish Prime Minister Pedro Sanchez has a track record of championing diversity, appointing a cabinet with more women than men. Whoever takes charge will do so just as the ECB starts undoing the spate of rate hikes it deployed to quell inflation after Russia attacked Ukraine. While De Cos's final monetary-policy meeting on June 5-6 should confirm an initial cut, his success
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