New ECB board needs more women, Austrian central bank chief says

What happened: Austrian central bank chief Martin Kocher said the ECB executive board should have at least two women, as Christine Lagarde and Isabel Schnabel, the board's only women, are due to leave by mid-February. Why it matters: Kocher said one woman on the board is not enough and urged those deciding on leadership to ensure more women in the governing council. He also warned eurozone borrowing costs are likely to rise further.

Austrian central bank chief Martin Kocher said the ECB executive board should have at least two women, as Christine Lagarde and Isabel Schnabel, the board's only women, are due to leave by mid-February.

Kocher said one woman on the board is not enough and urged those deciding on leadership to ensure more women in the governing council. He also warned eurozone borrowing costs are likely to rise further.