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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Lagarde could leave ECB early to become WEF chair, sources say
- Lagarde could leave ECB early to become WEF chair , sources say
- Lagarde could leave ECB early to become WEF chair , sources say
Christine Lagarde could leave the European Central Bank almost a year before her term ends in October 2027 to become chair of the World Economic Forum, according to four people close to the organisation cited by Reuters. The WEF board, which includes Lagarde, was due to meet on November 2 and could appoint her as soon as next month, though no final decision has been made. An early exit would let EU leaders choose her successor before Macron's term ends in May, and would create a second vacancy on the six-member ECB Executive Board after Isabel Schnabel's resignation. Klaas Knot and Pablo Hernandez de Cos are seen as frontrunners to succeed her. The ECB declined to comment.
- Lagarde could leave ECB early to become WEF chair , sources say
- Lagarde Says Tighter Financing Will Weigh on Euro - Area Growth
ECB President Christine Lagarde said tighter financing and rising long-term rates will weigh on euro-area growth more than the bank expected in September, while limiting energy-cost spillovers into other prices. Headline inflation was 3.8% in September and core inflation 2.5%, mostly driven by energy, and wages have not yet shifted substantially. The ECB expects inflation to stay above its 2% goal through the first half of 2027 and projects growth of 0.9% in 2026, 1.4% in 2027 and 1.5% in 2028. The ECB raised rates by 25 basis points in both June and September, with the deposit facility rate at 2.50% since Sept. 16, and Lagarde called for a “measured response” without committing to a rate path. Reuters reported that rising global bond yields have pushed up borrowing costs in the euro area, with France among the hardest-hit markets; the next ECB meeting is Oct. 28-29.
- Lagarde could leave ECB early to become WEF chair , sources say
Four people close to the WEF told Reuters that its Board of Trustees could appoint Christine Lagarde as chair as soon as next month, though no final decision has been made. She is seen as having broad board support, and the board could elect her at its meeting on November 2 or set a vote so she can appear as designated chair at Davos in January. An early exit would come almost a year before her ECB term ends in October 2027, giving EU leaders a chance to pick her successor before Emmanuel Macron's term ends in May. Her departure would open a second vacancy on the six-member Executive Board after Isabel Schnabel's resignation, and chief economist Philip Lane is also due to step down in May.
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