Published by Global Banking & Finance Review®
Posted on June 5, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleChristine Lagarde reaffirms her commitment to complete her ECB term, countering rumors of her taking a leadership role at the World Economic Forum.
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)
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.
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.
An ECB spokesperson confirmed that Lagarde is determined to complete her eight-year presidential term, which is set to conclude in October 2027.
Klaus Schwab resigned from his position as head of the World Economic Forum amid allegations of misconduct, which he denies.
The information about Lagarde's commitment to her term was reported by Francesco Canepa, with editing by Hugh Lawson.
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