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Austrian Central Bank Elects New Governor

Posted on June 27, 2008

The Oesterreichische Nationalbank (OeNB) has elected a new interimistic governor who will participate in the meetings of the European Central Bank (ECB) from September 1. The 64 years old Professor Ewald Nowotny will follow the present governor Klaus Liebscher - one of the hawks in the ECB's governing council - who is going to retire by August 31. Nowotny, a declared social democrat, can look back on a long academic and banking career that began in 1971 at the Austrian Postal Savings Bank (Oesterreichische Postsparkasse). From 1999 to 2003 he served as vice president of the European Investment...

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Tags:
bernanke , central bank , fed
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