Christine Lagarde

She will step down on Feb 7, 2027, giving current EU leaders time to pick her successor

She reiterates ECB’s latest analysis that risks to the economic outlook are on the downside

Markets expect four more rate increases over the next year after they were raised twice in the summer

Traders are pricing in a 93.9% chance of a quarter-point rate hike from the ECB in December

The decision was guided by fresh projections showing inflation averaging 3% this year

It is expected to raise interest rates from 2.25% to 2.5%

Her eight-year term at the ECB ends in October 2027

Leadership change at the European Central Bank must be well-planned to minimise market risk

She turned down suggestions that she would run for presidency