US EditionLagarde dampens ECB exit talk, says she expects to finish her term
Lagarde reassured policymakers she remains focused on her role amid speculation of early resignation linked to French politics and ECB independence concerns.
- Lagarde moved to calm speculation, telling the WSJ on Thursday she expects to complete her mission as European Central Bank president until her term ends, and she reassured fellow policymakers on Wednesday that they would hear it from her if she wanted to step down.
- The Financial Times reported on Wednesday that Lagarde plans to leave her ECB role early to give President Emmanuel Macron a say in her successor, following last week's Bank of France governor's resignation.
- Reflecting on her tenure, she told the WSJ that she views her mission as delivering price and financial stability and protecting the euro, adding the ECB must consolidate its gains to remain solid and reliable.
- The ECB said Lagarde has not decided about ending her term but stopped short of denying the FT report, as economists at Oxford Economics wrote Friday that leadership is "a matter for high politics."
- Some analysts warn that an early exit could politicize the ECB ahead of next year, while Lagarde has signalled possible post-ECB roles including the World Economic Forum, she said.
13 Articles
13 Articles
Lagarde dampens ECB exit talk, says she expects to finish her term
European Central Bank President Christine Lagarde has attempted to calm speculation about her stepping down early that has called into question the central bank's separation from politics, telling the Wall Street Journal she expects to complete her term.
Lagarde Dampens ECB Exit Talk, Expects to Finish her Term
European Central Bank President Christine Lagarde has attempted to calm speculation about her stepping down early that has called into question the central bank's separation from politics, telling the Wall Street Journal she expects to complete her term. Lagarde's status as leader of Europe's most important financial institution was plunged into doubt this week after the Financial Times reported she planned to leave her job ahead of next spring'…
The president of the European Central Bank ruled out an early resignation, and the financial sector reported that it would operate in Europe until October 2027.
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