Christine Lagarde is expected to leave the European Central Bank before her eight-year term as president expires in October 2027, according to a person familiar with her thinking.
Europe’s top central banker, who joined the Frankfurt-based ECB in November 2019 from the IMF, wants to exit before the French presidential election in April next year.
According to the person with knowledge of her thinking, Lagarde wants to enable outgoing French President Emmanuel Macron and German Chancellor Friedrich Merz to find a new head for one of the EU’s most important institutions. It is not yet clear when Lagarde’s departure will take place.
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