ECB: the departure of Christine Lagarde, an event more political than monetary according to the Japanese bank Nomura
Macroeconomics, monetary policy, market phenomena: every week, Le Figaro Patrimoine et Bourse offers insights from a financial professional.
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Macroeconomics, monetary policy, market phenomena: every week, Le Figaro Patrimoine et Bourse offers insights from a financial professional.
The rumor had been circulating for some time, and Christine Lagarde confirmed it during her press conference on October 29: yes, she will indeed leave her position as president of the monetary institution on February 7, 2027, nine months before the end of her mandate.
Andrzej Szczepaniak, European economist for the Japanese financial group Nomura, does not think that "the replacement of Ms. Lagarde will lead to a significant change in the way the ECB conducts its monetary policy." The institution operates on the basis of consensus, recalls the economist, who therefore expects continuity in the decision-making process after this departure.
Who could take over the presidency of BCE? Certainly, the Spaniard Pablo Hernández de Cos and the Dutch Klaas Knot are often cited among the favorites. But nothing is less certain, warns Andrzej Szczepaniak: “the ECB is a political institution and judging by precedents, it is likely that a candidate…
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- Le Figaro7 Nov, 10:00
| Publisher Le Figaro (established tier) | +76 |
| Total | 76 |
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