Philip Lane

Money Moves

Leaves May 31, 2027; his seat is part of the board reshuffle

Christine Lagarde leaves the European Central Bank on Feb. 7, 2027, about nine months before her term ends, after announcing on Oct. 29 that she wants freedom to speak on matters beyond monetary policy. Euro-area inflation reached 4% in October, up from 3.8% in September, led by energy costs.

Updated 9 hours ago

Money Moves

Backs measured response to energy shock; says spillovers contained

The European Central Bank held its deposit rate at 2.50% on October 29, after debating whether to hike again. Eurozone inflation had hit 3.8% in September, a three-year high, as energy prices rose 18.9% on the Iran war.

Updated Oct 14