World News

New ECB appointee Schnabel to oversee money-printing program

FRANKFURT (Reuters) – Germany’s new appointee to the European Central Bank’s board, Isabel Schnabel, has been given responsibility over the ECB’s market operations, which includes running its vast money-printing program, it said.

Under the same portfolio reshuffle published on the ECB’s website, its other new board member, Italy’s Fabio Panetta, will represent the central bank at international forums.

(Reporting By Francesco Canepa; editing by John Stonestreet)