"I have just informed my fellow monetary policy makers and the staff of the European Central Bank that I will be leaving my post with effect from 7 February 2027, following the Governing Council's monetary policy meeting." ECB President Christine Lagarde announced this in a message posted on X after the central bank itself announced in a statement her decision to leave her post before its natural expiry in October.

"It has been a great pride and a huge privilege," Lagarde added, "to serve this institution, and I want to thank everyone who has contributed, supported, and fulfilled our mission in Europe: to be a rock, to be solid, to ensure price stability and financial stability. And I think I leave this institution with the knowledge of the good work done and an ECB ready for the future."

(Unioneonline)

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