President of the European Central Bank
Head of the European Central Bank / From Wikipedia, the free encyclopedia
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The president of the European Central Bank is the head of the European Central Bank (ECB), the main institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union (EU).
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President of the European Central Bank | |
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European Central Bank | |
Style | Madam President (ordinary) Her Excellency (diplomatic) |
Member of | Executive Board Governing Council General Council |
Reports to | European Parliament European Council Eurogroup |
Residence | Seat of the European Central Bank |
Seat | Frankfurt, Germany |
Appointer | European Council |
Term length | Eight years, non renewable |
Constituting instrument | Treaties of the European Union |
Precursor | President of the European Monetary Institute Euro area national central banks governors |
Formation | 1 June 1998; 25 years ago (1998-06-01) |
First holder | Wim Duisenberg |
Deputy | Vice-President |
Salary | €421,308 per annum[1] |
Website | ecb.europa.eu |
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The current president of the European Central Bank is Christine Lagarde, previously the chair and managing director of the International Monetary Fund. Lagarde has served as the president of the ECB since 1 November 2019. She is the first woman to hold the post.