ECB head Christine Lagarde to step down in February

Christine Lagarde, the President of the European Central Bank (ECB), has announced that she will step down in February, nine months before the end of her eight-year term. This move is significant for the ECB, as it will bring a change in leadership to the bank. The process to find a successor has already begun, with European Council President Antonio Costa confirming that the search is underway. This change in leadership may have implications for the ECB's monetary policy and its impact on the European economy.

Why it matters

Christine Lagarde's resignation will lead to a change in leadership at the European Central Bank. This could impact the bank's monetary policy decisions, which in turn affect the European economy and markets.

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