Hernández de Cos warns of inflation risks as ECB succession contest takes shape
ECB presidential candidate Pablo Hernández de Cos says policymakers should stay alert to inflation risks from high energy prices. He is competing with the Netherlands’ Klaas Knot to succeed Christine Lagarde.
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Pablo Hernández de Cos has warned that policymakers should remain alert to inflation risks from high energy prices as he competes with Dutch candidate Klaas Knot to succeed Christine Lagarde as European Central Bank president.
In an interview with Swiss newspaper Tages-Anzeiger, the former governor of Spain’s central bank also voiced concern about high levels of debt in some economies. He did not directly discuss his candidacy, according to ANP, which reported the interview with Bloomberg.
Hernández de Cos is the only other candidate named against Knot. Lagarde recently announced that she would leave the post before her term ends. The Netherlands formally put Knot forward this week; Hernández de Cos was identified as the second candidate on Friday.
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