🔶 Lagarde's early resignation; Competition for the presidency of the European Central Bank.
The European Central Bank faced an unexpected development; Christine Lagarde, head of this institution, suddenly announced her early resignation; Also, a few hours before the announcement of today's interest rate decision. This development begins the competition for the leadership of the most important European central bank.
The date of the announcement of this decision has a special sensitivity; The European Central Bank is dealing with the resurgence of inflation, rising bond yields and growing concerns about the financial situation of the French government. At the same time, Lagarde's resignation raises questions about the political independence of this central bank.
According to the announcement of the European Central Bank, Lagarde will officially end her work in this position on February 7, 2027; That is, about 9 months before the official end of his eight-year presidency. This French politician and economist has been the head of the European Central Bank since November 2019. Lagarde said in a video message: "I leave this institution with the feeling that I have done a good job and leave a central European bank that is ready for the future."