ECB. Lagarde says to use her "voice" in defense of "truth"

Christine Lagarde announced her early departure from the ECB, citing constraints on her ability to speak out on important issues. She emphasized her desire for freedom of expression and mentioned her recent skin cancer surgery. Lagarde's exit is seen as a strategic move, potentially allowing Emmanuel Macron to influence her successor's selection. The ECB maintained interest rates but hinted at a possible increase in December due to inflation pressures. Lagarde warned that countries with high debt levels will face rising financing costs, urging governments to manage public finances carefully. She remains vigilant about inflation risks and the potential for second-order effects.