ECB's Lagarde: Completing my term is my baseline

ECB's Lagarde: Completing my term is my baseline

ECB’s Lagarde: Completing My Term Is My Baseline

Christine Lagarde, president of the European Central Bank (ECB), has reaffirmed that completing her term as ECB chief is her current priority, dismissing speculation about an early resignation. In an interview with the , Lagarde stated, “My baseline is that it will take until the end of my term,” emphasizing the need to “consolidate and make sure that [the ECB’s work] is really solid and reliable.” Her term as ECB president is set to expire in October 2027.

Recent reports, including article, had suggested Lagarde might step down earlier to influence the selection of her successor ahead of France’s 2024 presidential election. However, Lagarde clarified that she remains focused on her role and would communicate any decision to leave directly to ECB officials, rather than through media speculation. “I have sent a private message to my colleagues that I am fully concentrated on leading the ECB,” she confirmed.

Lagarde underscored her mandate to ensure “price and financial stability” while “protecting the euro, making sure that it is solid and strong and fit for the future of Europe.” Her comments come amid broader debates over the ECB’s political independence, with some analysts suggesting an early exit could be tied to efforts to shape the next leadership transition.

While Lagarde did not rule out future roles, she noted the World Economic Forum (WEF) is “one of the many options” she is considering post-ECB. Klaus Schwab, WEF founder, had previously hinted at discussions about her potential succession.

For now, Lagarde’s commitment to finishing her term signals continuity for the ECB as it navigates inflation, monetary policy adjustments, and broader geopolitical risks. Her stance reinforces institutional stability, a key priority for the eurozone’s central bank.

Wall Street Journal: Reuters: Politico