The race to replace European Central Bank President Christine Lagarde is reaching a critical point. On Friday, a deadline will reveal the official candidates for the position. Spain and the Netherlands have already put forward their nominees: former central-bank chiefs Pablo Hernandez de Cos and Klaas Knot, respectively.
While these two names are currently in the spotlight, officials have not ruled out the possibility of additional candidates emerging either now or later. The deadline for nominations is set for 5 p.m. Brussels time.
The outcome of this process will determine whether the succession for Lagarde is a two-horse race or if other contenders will enter the fray. The decision will shape the future leadership of the ECB and its monetary policies.