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Governor of the Bank of Spain
| Governor of the Bank of Spain | |
|---|---|
| Gobernador del Banco de España | |
 | |
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| Bank of Spain | |
| Member of | Governing Council of the European Central Bank |
| Reports to | Government of Spain Cortes Generales |
| Nominator | Prime Minister after informing Congress |
| Appointer | Monarch countersigned by the Prime Minister |
| Term length | 6 years, not renewable |
| Constituting instrument | Bank of Spain Act of 1856 |
| Precursor | Governor of the Bank of San Fernando |
| Formation | January 28, 1856 |
| First holder | Ramón de Santillán |
| Deputy | Deputy Governor of the Bank of Spain |
| Website | www.bde.es |
The governor of the Bank of Spain (Spanish: Gobernador del Banco de España) is the head of the Bank of Spain, the central bank of the Kingdom of Spain. The Bank of Spain is integrated in the European System of Central Banks and, as such, the Governor is an ex officio member of the Governing Council of the European Central Bank.
The Governor is appointed by the executive branch and it reports to both Government and Parliament. To ensure its independence, the governor has a term of six years, with no possibility of renewal. Further, the governor cannot be fired except for exceptional cases.
The current governor of the Bank of Spain is economist José Luis Escrivá.[1]
- ^ "Spanish minister Escriva to become new Bank of Spain chief". Reuters. September 3, 2024. Retrieved 6 September 2024.
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