UPDATE: POLICY: Lautenschlaeger Resigns From ECB Exec Board

--Amends Lautenschlaeger's end date at SSM

By Luke Heighton

     LONDON (MNI) - Germany's Sabine Lautenschlaeger will resign from her

position on the European Central Bank's Executive Board and Governing Council on

Oct. 31, prior to the end of her term of office, the ECB said on Wednesday.

     Lautenschlaeger, who told MNI in an interview in late August that the

eurozone economy had no need of more quantitative easing, was previously vice

chair of the Supervisory Board of the ECB's banking supervisor, the Single

Supervisory Mechanism, stepping down in Feb 2019.

     Her decision comes after Dutch central bank President Klaas Knot took the

rare step of issuing a public statement criticizing the ECB's Sept. 12 easing

package, which included a return to net asset purchases and a rate cut.

     An ECB spokesman said he could not comment further on Lautenschlaeger's

decision.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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