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Netherlands nominates Klaas Knot to lead the European Central Bank
The Netherlands has nominated Klaas Knot to become the next president of the European Central Bank.
Knot previously led the Dutch central bank.
Christine Lagarde plans to hand over the job next February, about nine months before her normal term ends.
Her planned early departure has opened the contest to choose her successor.
Spain’s former central bank chief Pablo Hernández de Cos is also seen as a leading contender.
Eurozone countries have until 7 November to put forward candidates, and their names are due to be considered by eurozone finance ministers on 9 November.
EU leaders will make the formal appointment based on a recommendation from eurozone countries.
The Dutch government has officially nominated former Dutch central bank governor Klaas Knot to lead the European Central Bank.
Knot is among the leading contenders, alongside former Bank of Spain governor Pablo Hernández de Cos.
Eurozone countries have until November 7 to submit candidates, which finance ministers are due to consider on November 9.
The next ECB president will be formally appointed by EU leaders, following a recommendation from eurozone countries.
Christine Lagarde announced last week that she would leave the post, with a handover expected in February next year.
- Who
- The Dutch government nominated Klaas Knot, a former governor of the Dutch central bank.
- What
- The Netherlands put Knot forward as a candidate for ECB president.
- When
- The nomination was announced on Wednesday, November 4, 2026.
- Where
- The Netherlands nominated Knot for the presidency of the European Central Bank.
- Why
- To replace Christine Lagarde, who announced she would leave the post.
This story does not have two clearly opposing sides.
Christine Lagarde announced that she would leave the ECB presidency.
The Dutch government officially nominated Klaas Knot for the post.
The deadline for eurozone countries to submit candidates.
Eurozone finance ministers are due to consider the candidates.
- Nominee
- Klaas Knot
- Nominating country
- Netherlands
- Other leading contender
- Pablo Hernández de Cos
- Candidate deadline
- November 7
- Finance ministers' meeting
- November 9
5 sources
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What people are saying
That image bothers him
But if anyone can do this, it is Klaas.