ECB appoints Oscar Arce as Managing Director of the economy

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Press release

December 7, 2021

ECB appoints Oscar Arce as Managing Director of the economy

  • Oscar Arce will take office in the first quarter of 2022
  • Arce succeeds Frank Smets, who goes on unpaid leave

The Executive Board of the European Central Bank (ECB) has appointed Oscar Arce as Director General of the Economy. The The Directorate-General for the Economy monitors, analyzes, models and anticipates economic developments and policies, and provides policy advice and secretarial assistance for monetary policy meetings organized by the decision makingbody.

Mr. Arce is currently Director of Economics, Statistics and Research at Banco de España and is a non-voting member of the Board of Directors and the Board of Directors of the institution. He also represents the Banco de España in international forums. Mr Arce will succeed Frank Smets, who goes on unpaid leave for a year before returning to the ECB as senior adviser.

Mr. Arce first joined Banco de España in 2004, before working for the Spanish government and the Spanish Securities Market Commission (CNMV). He returned to the central bank in 2012. Since then, he has held several senior positions there, notably in the areas of monetary policy and research. Mr. Arce holds a PhD in Economics from the London School of Economics and studied in London and Valladolid.

For media inquiries, please contact Peter Ehrlich, Phone. : +49 69 1344 8320.

European Central Bank

Communications Branch, Global Media Relations Division

Sonnemannstrasse 20, 60314 Frankfurt am Main, Germany

Phone. : +49 69 1344 7455, e-mail: media@ecb.europa.eu, website: www.ecb.europa.eu

Reproduction is authorized provided the source is acknowledged.

Press release / December 7, 2021

ECB appoints Oscar Arce as Managing Director of the economy

Remarks

  • The Directorate-General for the Economy is responsible for preparing and coordinating the forecasting processes of the departments of the ECB and the Eurosystem. The Directorate-General also contributes economic studies to discussions on deepening Economic and Monetary Union and represents the ECB in a number of European and international fora dealing with economic issues and policies. He also coordinates the publication of the Economic Bulletin and the Occasional Papers series.

European Central Bank

Communications Branch, Global Media Relations Division

Sonnemannstrasse 20, 60314 Frankfurt am Main, Germany

Phone. : +49 69 1344 7455, e-mail: media@ecb.europa.eu, website: www.ecb.europa.eu

Reproduction is authorized provided the source is acknowledged.

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