(Bloomberg) -- Latvia’s parliament granted temporary control over the central bank to a deputy of Governor Martins Kazaks, whose term ends on Dec. 21.
Parliament empowered Maris Kalis on Thursday after the three-party government unexpectedly withdrew nominations for Kazaks and a rival for the central-bank job. While a vote had been scheduled for today, Prime Minister Evika Silina said the alliance would try to agree on a joint candidate in January.
Two of the three parties had been backing Kazaks for a second term, while the third supported Reinis Berzins, who heads state-owned development institution Altum.
Parties have until Jan. 31 to nominate candidates for governor. The Baltic country will be without a vote at the European Central Bank’s Governing Council until someone is in place.
(Updates with deadline for nominations in fourth paragraph.)
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