ECB President Christine Lagarde Announces Early Departure Amid Monetary Policy Signals

European Central Bank President Christine Lagarde announced her early departure, citing an inability to remain politically neutral. This unexpected development occurred during a routine ECB meeting where the central bank held interest rates steady but indicated a potential rate hike in December due to rising energy prices. The ECB also noted that increasing bond yields could reduce Eurozone economic growth by 1 percentage point in 2027-2028.