European Central Bank chief Christine Lagarde to step down on 7 February 2027
The European Council will appoint her successor through the nomination process under Article 283, the bank said in its October 29 announcement.
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The European Council will appoint her successor through the nomination process under Article 283, the bank said in its October 29 announcement.
Lagarde previously led the International Monetary Fund as managing director from 2011 to 2019.
The bank said its Governing Council thanked Lagarde warmly and gave her a long standing ovation.
Underlying inflation reached 3.6%. Most economists expect another rate increase at the Reserve Bank of Australia’s 3 November meeting, when the bank is due to decide.
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US inflation-adjusted consumer spending rose less than 0.1% in September. After-tax income rose 0.2% in dollars but fell 0.3% after inflation, while core PCE inflation was 0.3% monthly and 3.1% annually.
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