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To leave or not to leave, that is Lagarde's question
The Observer
|February 22, 2026
The decision on whether to leave her post early may define Christine Lagarde's legacy, but there is no denying she has “accomplished a lot” as president of the European Central Bank (ECB), as she told the Wall Street Journal last week.
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Lagarde’s “baseline” is to finish her term, which ends in October 2027, she says. That has not stopped speculation that she will step down sooner, whipped up by an article in the Financial Times last week.
Populist candidates of the right and left - many opposed to current mainstream central bank thinking - look likely to win next spring’s French presidential election.
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