Lagarde's Commitment Reassures Amid Resignation Speculation

Christine Lagarde, President of the European Central Bank, was clear in messaging her colleagues this week that she remains dedicated to her position. Her communication aimed to dispel recent rumors, suggesting she might resign before the French presidential election next year.

Speculation around her early exit was fueled by concerns it might grant outgoing French President Emmanuel Macron a role in selecting the new ECB chief, thereby sparking debates about the independence of the bank from political influence.

Despite the rumors and the Financial Times report on her planned resignation, Lagarde reassured ECB policymakers that she would notify them first if she decided to leave her post, reinforcing her current focus on long-term projects for the institution.