Lagarde soon to exit the ECB

Christine Lagarde will leave the European Central Bank in early February next year, nine months before her mandate ends, the ECB announced on yesterday

The 70-year-old French former finance minister has run eurozone monetary policy since November 2019, through the pandemic and the energy-price surge.

Her early departure lets French President Emmanuel Macron help choose her successor before next spring's presidential election, where Marine Le Pen is a frontrunner.

Lagarde is now being tipped as a possible next chair of the Davos-based World Economic Forum. 

 

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