European Central Bank President, Christine Lagarde to step down eight months before her term officially ends

 

European Central Bank President Christine Lagarde has announced that she will step down on the seventh of February 2027, eight months before her term officially ends. Lagarde says her decision is driven by a desire for greater freedom of speech and expression. She says officials at the central bank are bound by strict rules of neutrality. She has headed the European Central Bank since November 2019 and previously served as Managing Director of the International Monetary Fund. Lulu Gaboo spoke to Dr Frank Bannor, a Development Economist and Senior Research Fellow at the Institute of Economic Research and Public Policy