Pablo Hernandez de Cos is the narrow favorite to replace Christine Lagarde as the next president of the European Central Bank (ECB), according to a recent survey of economists. The poll, conducted exclusively by Bloomberg, shows that 12 economists believe de Cos, a former Spanish central-bank governor and current head of the Bank for International Settlements, is the top candidate. However, his closest rival, Dutchman Klaas Knot, is not far behind, with nine economists backing him.
The survey highlights a competitive race to succeed Lagarde, whose term is set to end soon. De Cos's experience as a central-bank governor and his leadership role at the Bank for International Settlements are likely factors contributing to his frontrunner status. Meanwhile, Knot's support among economists underscores his strong credentials as well.
The narrow margin between de Cos and Knot suggests that the decision could go either way, depending on various political and economic considerations. The outcome will have significant implications for the ECB's future policies and direction.