At the ECB, Christine Lagarde announces her departure and wants to "commit to issues that are not monetary policy issues"

The European Central Bank (ECB) maintained its interest rates at 2.50% and announced the resignation of President Christine Lagarde, effective February 7, 2027. Despite rising inflation in the eurozone, which reached 3.8% in September, the ECB decided to keep rates unchanged, citing that inflationary pressures were not yet significant enough to warrant action. Lagarde noted that the effects of inflation on wages were manageable and that inflation excluding energy remained stable. The decision was unanimous but sparked debate among the governing council members. Future rate adjustments will be considered based on incoming data, with the next meeting scheduled for December 17.