January 3, 2020 / 10:12 AM / 21 days ago

New ECB appointee Schnabel to oversee money-printing program

FILE PHOTO: Member of the German advisory board of economic experts Isabel Schnabel poses ahead of a news conference in Berlin, Germany, November 6, 2019. REUTERS/Fabrizio Bensch/File Photo

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

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