SignalMacro

ECB holds rates as Lagarde announces early departure

ECB rate hold and Lagarde's early departure signal leadership uncertainty.

Context

What happened: The ECB held rates, and Christine Lagarde announced she will leave early. Her successor will probably have to contend with further French bond market turbulence. Why it matters: The leadership change comes as the next ECB president may face renewed stress in French bonds, putting the succession in the middle of market pressure. Coverage: 5 outlets in 24h

What changed

The ECB held rates, and Christine Lagarde announced she will leave early. Her successor will probably have to contend with further French bond market turbulence.

Why it matters

The leadership change comes as the next ECB president may face renewed stress in French bonds, putting the succession in the middle of market pressure.

Sources