The European Central Bank president informed the ECB Governing Council and European Council President António Costa of her early departure, following months of persistent speculation. The announcement landed just hours prior to the central bank's interest rate decision set for Thursday at 1315 GMT. Lagarde is scheduled to face the media shortly thereafter at 1345 GMT for her post-meeting press conference. Although her next position is not officially confirmed, the World Economic Forum has emerged as a potential destination.
Key points
Christine Lagarde is concluding her tenure as head of the European Central Bank earlier t…: Christine Lagarde is concluding her tenure as head of the European Central Bank earlier than planned.
The leadership change coincides with a crucial monetary policy decision and scheduled pre…: The leadership change coincides with a crucial monetary policy decision and scheduled press briefing.
Speculation surrounds her next career step, with the World Economic Forum emerging as a p…: Speculation surrounds her next career step, with the World Economic Forum emerging as a possible option.
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Lagarde has informed the ECB's Governing Council and European Council President António Costa of her decision, the bank said in a statement.
Her term was originally due to end in October 2027. Speculation over an early exit had been circulating for months, with the World Economic Forum being discussed as a possible next destination.
The announcement comes just hours before the ECB's latest interest rate decision, scheduled for 1315 GMT on Thursday. Lagarde is due to address reporters at her regular post-meeting press conference at 1345 GMT.
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