Christine Lagarde just resigned. Leaving the ship early just like she did with the IMF (Just before the loans she made to Argentina blew up)

Leaving the ship early just like she did with the IMF (Just before the loans she made to Argentina blew up)
A bad portent for the ECB and the Euro area. #Lagardehttps://t.co/n16sf199Pa https://t.co/szApiQtgqc

— Shaun Richards (@notayesmansecon) October 29, 2026

The Bank of England will not be happy..
Net borrowing of mortgage debt by individuals decreased to £3.9 billion in September, from £4.2 billion in August,
Net mortgage approvals for house purchases decreased to 53,400 in September, below an average of around 58,800 over 6months

— Shaun Richards (@notayesmansecon) October 29, 2026

🚨🇪🇺 BREAKING:

Christine Lagarde is QUITTING the European Central Bank early, and Europe is about to get a major fight over who controls monetary policy next.

Lagarde will step down as ECB president on February 7, 2027, 8 months before her term was due to expire.

Her departure… pic.twitter.com/ORUyT19vYC

— Mario Nawfal (@MarioNawfal) October 29, 2026

Lagarde told the Governing Council and European Council President António Costa she will step down February 7, 2027. Her term was set to run until the end of October 2027. Speculation about an early exit had built for months, with the World Economic Forum floated as a destination. The announcement landed the same day the ECB held its deposit rate at 2.5 percent amid the Iran-war oil shock and French bond pressure. Successors under discussion include former Dutch central bank head Klaas Knot and Spain’s Pablo Hernández de Cos.

https://www.reuters.com/business/finance/ecb-president-lagarde-resigns-effective-feb-7-2026-10-29/