Reports say ECB President Lagarde may leave early, sparking succession talk

Multiple reports, including from the Financial Times, say European Central Bank President Christine Lagarde is considering stepping down before her eight-year term ends in 2027. The move would allow a new president to be chosen while current French President Emmanuel Macron is still in office, as he would have a say in the selection.

The ECB has officially stated that 'no decision has been made' regarding Lagarde's departure. The reports have already triggered early political maneuvering, with Spain reportedly being the first country to enter the race to name her successor. Analysts warn that overt political interference in the process could undermine the ECB's independence.