ECB's Schnabel resigns to join IMF, removing key German voice on board

Isabel Schnabel, a prominent ECB Executive Board member known for her hawkish stance and role as a bridge to German policymakers, has resigned to join the IMF. Her departure removes a key German influence on ECB policy, potentially shifting the board's balance toward a more dovish orientation. The move is significant for euro area monetary policy expectations, though the immediate policy impact is uncertain.