Lagarde ends speculation, resigns as ECB president
India, Oct. 30 -- European Central Bank (ECB) President Christine Lagarde resigned on Thursday, ending months of speculation about her future just as Europe enters a period of rising economic volatility and divisive electoral politics, particularly in her native France. Lagarde will step down on February 7, giving current European Union leaders time to pick her successor before a French presidential election that polls show far-right candidate Marine Le Pen is favoured to win. The move comes as the ECB battles inflation risks from an Iran war-driven oil shock while a sharp rise in bond yields, especially in France, threatens to dampen growth. "I leave this institution with a sense of good work done and an ECB that is fit for the future," Lagarde, 70, said in a short video shared on social media. The former central bank governors of the Netherlands and Spain, Klaas Knot and Pablo Hernandez de Cos, are widely seen as frontrunners to replace Lagarde. P14...
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