European Central Bank President Christine Lagarde to Step Down Early

Lagarde will leave her post in February ahead of schedule, reportedly allowing Macron to weigh in on her successor.

European Central Bank (ECB) President Christine Lagarde will step down from her post this coming February, several months ahead of the scheduled end of her term, German network Tagesschau and Israeli financial daily Globes reported.

According to Globes, Lagarde is expected to be appointed chair of the World Economic Forum. Media outlets, including Hungarian website 24.hu, noted that rumors regarding her early departure had circulated for months.

Reports in Germany and Israel noted that the early resignation is intended to enable French President Emmanuel Macron to take part in choosing Lagarde's successor ahead of France's presidential election.