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ECB Insight: Rehn’s Post-Vujčić Path to Board Seat Runs Through Spain

ECB Insight: Rehn’s Post-Vujčić Path to Board Seat Runs Through Spain

By David Barwick – FRANKFURT (Econostream) – Croatian National Bank Governor Boris Vujčić’s elevation to the ECB vice presidency has turned Bank of Finland Governor Olli Rehn’s next opportunity into a conditional one. The calendar leaves room for at most one more smaller-country appointment before late 2028, and whether that path exists depends critically on what Spain manages to claim in the 2027 succession contest.

26 January 2026
ECB Insight: Vujčić’s Victory, or the Candidate Everyone Can Live With

ECB Insight: Vujčić’s Victory, or the Candidate Everyone Can Live With

By David Barwick – FRANKFURT (Econostream) – The dust having settled following European Central Bank Governing Council member Boris Vujčić’s elevation to succeed Luis de Guindos as ECB vice president on Monday, the choice looks like a classic convergence outcome: a candidate who was not the clearest front-runner, but proved acceptable to the widest range of capitals in a crowded field.

23 January 2026

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 28 January 2026

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting