Christine Lagarde set to step down as ECB president early

European Central Bank president Christine Lagarde plans to leave her job early, ahead of next year's French presidential election, to give outgoing French leader Emmanuel Macron an input into picking her successor, the Financial Times said on Wednesday.

Ms Lagarde's term is due to end in October 2027, but some fear that the far right may win the French presidential race in the spring of 2027, complicating the selection for the new leader of Europe's most important financial institution.

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