Christine Lagarde may leave the ECB presidency before 2027, but Frankfurt denies it
Sources report a possible early farewell for Lagarde, while the ECB denies final decisions and names of potential successors emerge
Christine Lagarde is expected to leave the European Central Bank before her eight-year term as president expires in October 2027. The Financial Times writes this in an exclusive article.
Lagarde, who joined the ECB in November 2019 after leaving the IMF, intends to step down before the French presidential elections in April next year. According to a source familiar with her thinking, quoted by Ft, Lagarde would like to allow outgoing French President Emmanuel Macron and German Chancellor Friedrich Merz to find a new head for one of the European Union's most important institutions.
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It is not yet clear when the president of the Frankfurt institution might leave office, the article states.
"President Lagarde is totally focused on her mission and has not made any decisions regarding the end of her mandate," said an ECB spokesperson.
European governments may decide to accelerate the search for a successor to Lagarde to avoid having to face a possible far-right French president after the 2027 elections, Bloomberg reported this week.
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