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StableEconomyReported 2026-09-24 20:00

ECB Executive Board Member Isabel Schnabel to Resign for IMF Role

Isabel Schnabel, an ECB Executive Board member, will resign to become the IMF Financial Counsellor and Director of the Monetary and Capital Markets Department, effective January 3, 2027.

Why it matters. The move affects Schnabel's role in ECB and her transition to a senior position at the IMF, impacting both institutions and potentially influencing monetary policy and financial stability.

01

Evidence

  • EEuropean Central Bank pressRegulator2026-09-24 20:00
    Isabel Schnabel, member of the Executive Board and the Governing Council of the European Central Bank (ECB), has informed President Christine Lagarde that she will step down from her position on 3 January 2027.
    View source
  • EEuropean Central Bank pressRegulator2026-09-24 20:00
    Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has announced today her intention to appoint Ms Schnabel as the Fund’s Financial Counsellor and Director of the Monetary and Capital Markets Department, effective 4 January 2027.
    View source