Christine Lagarde announced her departure from the presidency of the European Central Bank before the end of her term.
European Central Bank President Christine Lagarde said she will step down next February, about nine months before her scheduled term ends at the end of October 2027, according to the institution's announcement on Thursday. Lagarde assumed the presidency of the bank in 2019, after heading the International Monetary Fund. Lagarde led the organization through a series of major crises, including the COVID-19 pandemic and rising energy prices caused by the war in Ukraine.
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