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    Home > Finance > ECB's Lagarde says she's determined to complete her term
    Finance

    ECB's Lagarde says she's determined to complete her term

    Published by Global Banking & Finance Review®

    Posted on June 5, 2025

    1 min read

    Last updated: January 23, 2026

    ECB's Lagarde says she's determined to complete her term - Finance news and analysis from Global Banking & Finance Review
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    Tags:PresidentEuropean Central Bankfinancial stabilitymonetary policyglobal economy

    Quick Summary

    Christine Lagarde reaffirms her commitment to complete her ECB term, countering rumors of her taking a leadership role at the World Economic Forum.

    ECB's Lagarde says she's determined to complete her term

    FRANKFURT (Reuters) -European Central Bank President Christine Lagarde said on Thursday she was determined to complete her term at the ECB, following speculation she might leave early to take up a role leading the World Economic Forum (WEF).

    "I can very firmly tell you that I have always been, and I am, fully determined to deliver on my mission, and I'm determined to complete my term," Lagarde told her regular news conference following the ECB's interest rate decision.

    Former WEF head Klaus Schwab was recently quoted by the Financial Times as saying he had met Lagarde to discuss the prospect of her leaving the ECB early to lead the Swiss-based organisation, best-known for its winter conference in Davos.

    An ECB spokesperson said at the time that Lagarde was determined to complete her eight-year presidential term, which runs out at the end of October 2027.

    Founder Schwab resigned with immediate effect in April and the WEF said it had launched an investigation into his affairs following a whistleblower letter alleging misconduct. Schwab denies the allegations.

    (Reporting By Francesco Canepa; Editing by Hugh Lawson)

    Key Takeaways

    • •Christine Lagarde is committed to completing her ECB term.
    • •Speculation arose about Lagarde leading the World Economic Forum.
    • •Former WEF head Klaus Schwab resigned amid allegations.
    • •Lagarde met Schwab but denies plans to leave ECB early.
    • •Lagarde's term ends in October 2027.

    Frequently Asked Questions about ECB's Lagarde says she's determined to complete her term

    1What did Christine Lagarde say about her term at the ECB?

    Christine Lagarde stated that she is fully determined to complete her term at the European Central Bank, which runs until the end of October 2027.

    2Why was there speculation about Lagarde leaving the ECB?

    Speculation arose after Klaus Schwab mentioned in a Financial Times article that he had met with Lagarde to discuss her potentially leaving early to lead the World Economic Forum.

    3What did the ECB spokesperson say regarding Lagarde's term?

    An ECB spokesperson confirmed that Lagarde is determined to complete her eight-year presidential term, which is set to conclude in October 2027.

    4What was the context of Klaus Schwab's resignation?

    Klaus Schwab resigned from his position as head of the World Economic Forum amid allegations of misconduct, which he denies.

    5Who reported on Lagarde's statements regarding her term?

    The information about Lagarde's commitment to her term was reported by Francesco Canepa, with editing by Hugh Lawson.

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