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FRANKFURT—The most senior German official at the European Central Bank unexpectedly resigned before the end of her term amid a conflict over a move this month to restart the bank’s giant bond-buying program.
Sabine Lautenschläger, who sits on the bank’s six-member executive board in Frankfurt, will leave the bank on Oct. 31, more than two years before her eight-year term had been due to end, the ECB said Wednesday.