Christine Lagarde, the president of the European Central Bank (ECB), has officially announced her departure, ending months of speculation. The French economist will step down in February, marking the end of her tenure at the helm of the ECB.
The race to replace Lagarde has now become official, with the ECB preparing for a leadership transition. Lagarde's exit leaves behind a mixed legacy, with her policies having both supporters and critics.
Her leadership style and policy decisions have been subjects of debate among economists and financial analysts.