Contact Us

Lagarde appointed European Central Bank's head

Anadolu Agency WORLD
Published October 18,2019
Subscribe
International Monetary Fund (IMF) Managing Director Christine Lagarde, waits to greet British Prime Minister David Cameron, before a round table meeting at the IMF, Thursday, Jan. 15, 2015 in Washington. (AP Photo)

The European Council on Friday appointed Christine Lagarde to be the new and first-ever female president of the European Central Bank (ECB) for a non-renewable term of eight years.

"Christine Lagarde will replace the outgoing President, Mario Draghi, as of 1 November 2019," the Council said in a statement.

"My sincere thanks to European leaders for appointing me as President of the @ecb from 1 November 2019," she said on Twitter on Friday.

"It is an honour to succeed Mario Draghi. I am looking forward to working with the ECB's talented staff to keep euro area prices stable and banks safe," she added.

Born on Jan. 1, 1956 in Paris, Lagarde holds a law degree from the Paris Nanterre University and a master's degree from the Political Science Institute in Aix en Provence, southern France.

In 2011, Lagarde was elected to become the first-ever female head of the International Monetary Fund (IMF).