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2026-02-18 22:26:07
[Institution: Lagarde's Potential Departure Could Benefit the Euro] A report by Rabobank's Jane Foley states that the potential departure of European Central Bank President Christine Lagarde before the end of her term could have a positive impact on the euro. Reports indicate that Lagarde hopes to step down before the French presidential election in April 2027 so that President Macron can participate in selecting her successor. Recent polls suggest the far-right National Rally will win the election. Foley notes that the party's leader, Jordán Bardella, wants the ECB to buy French government bonds, which could trigger inflation and potentially damage the ECB's credibility. Lagarde's early departure could "eliminate a potential period of downward pressure on the euro," although a Eurosceptic French president still poses risks.
