ECB's Lagarde says she's determined to complete her term

European Central Bank President Christine Lagarde said on Thursday she was determined to complete her term at the ECB, following speculation she might leave early to take up a role leading the World Economic Forum (WEF).

"I can very firmly tell you that I have always been, and I am, fully determined to deliver on my mission, and I'm determined to complete my term," Lagarde told her regular news conference following the ECB's interest rate decision.

Former WEF head Klaus Schwab was recently quoted by the Financial Times as saying he had met Lagarde to discuss the prospect of her leaving the ECB early to lead the Swiss-based organisation, best-known for its winter conference in Davos.


An ECB spokesperson said at the time that Lagarde was determined to complete her eight-year presidential term, which runs out at the end of October 2027.

Founder Schwab resigned with immediate effect in April and the WEF said it had launched an investigation into his affairs following a whistleblower letter alleging misconduct. Schwab denies the allegations.