ECB chief Lagarde raises prospect of leaving post a few months early

European Central Bank (ECB) President Christine Lagarde has hinted at the possibility of stepping down a few months before her term ends in October 2027. Speaking to French newspaper La Croix, Lagarde stated that she could not rule out leaving her position early, but added that she had not announced any concrete plans. She emphasized that if she were to step down early, it would only be a matter of a few months and would not have a significant impact.

Lagarde ruled out participating in France's presidential election in April 2027, stating that it would not be a wise decision. She explained that the job requires vitality, energy, and strength, which she currently possesses, but also involves certain sacrifices. At 70 years old, she feels she should focus on serving the European public interest.

Speculation about Lagarde's future has been ongoing for months, with some suggesting she may step down before the French presidential election in April and May. Concerns have arisen that right-wing populists could win the election, potentially complicating the appointment of a new ECB chief. Lagarde had previously stated that she would not leave before 2027, but acknowledged that clouds were appearing on the horizon, indicating her openness to the possibility of an early departure.