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Christine Lagarde to step down as ECB president in February

The moves gives French leader Emmanuel Macron a say in choosing her successor before the election next year.

Christine Lagarde, the current president of the European Central Bank (ECB), announced her decision to step down from her position on February 7, 2023, according to a report by Politico EU. This announcement follows months of speculation surrounding her future, and the departure creates a vacancy at the top of one of Europe's most influential institutions.

The ECB confirmed Lagarde's departure in a statement, but provided no immediate details about her plans following her resignation. The move also allows for a package deal among EU capitals to discuss appointments to the ECB's six-member Executive Board.

Brief written by urgent.news from Politico EU's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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