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European Central Bank President Christine Lagarde announced on Thursday, amid renewed inflation pressures and economic uncertainty, that she would step down in February 2027, ahead of the scheduled end of her eight-year term.
“It has been a source of great pride to serve this institution,” Lagarde wrote in a post on X, thanking colleagues and supporters for the past seven years.
Lagarde arrived at the European Central Bank (ECB) in November 2019 after serving as France’s finance minister and managing director of the International Monetary Fund. Her tenure was quickly dominated by the COVID-19 pandemic, which forced the central bank to launch emergency bond-buying programs to stabilize financial markets….
“It has been a source of great pride to serve this institution,” Lagarde wrote in a post on X, thanking colleagues and supporters for the past seven years.
Lagarde arrived at the European Central Bank (ECB) in November 2019 after serving as France’s finance minister and managing director of the International Monetary Fund. Her tenure was quickly dominated by the COVID-19 pandemic, which forced the central bank to launch emergency bond-buying programs to stabilize financial markets….
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