← 30 October 2026's Current Affairs · Economy GA Prelims ★★★★☆ Mains ★★★☆☆
Lagarde to resign early as ECB President
ಸುದ್ದಿಯಲ್ಲಿ ಏಕೆ?
Lagarde leaves the ECB in February 2027: the eurozone institution every GS2 global-bodies answer needs
Lagarde to leave ECB on 7 Feb 2027, ahead of term end.
Why it matters: factual, Prelims-type
What you need to know
2 ನಿಮಿಷ
Christine Lagarde announced on 29 October 2026 that she will step down as President of the European Central Bank with effect from 7 February 2027, before her eight-year term ends.
The ECB sets monetary policy for the euro area from Frankfurt.
The choice of her successor will be closely watched by markets.
ಮೂಲಗಳು: Topper IAS editorial (PIB / The Hindu / Indian Express)
ಮುಖ್ಯ ಅಂಶಗಳು
Remember these
- Christine Lagarde announced on 29 October 2026 that she will quit as ECB President from 7 February 2027.
- She is stepping down before the end of her eight-year term; she took office in November 2019.
- The European Central Bank is headquartered in Frankfurt and sets monetary policy for the euro area.
- The ECB's primary mandate is price stability, with a 2% medium-term inflation target.
- The ECB President's term is eight years and non-renewable.
ಪ್ರಿಲಿಮ್ಸ್ · ಮೇನ್ಸ್
How the exam will ask it
ಪ್ರಿಲಿಮ್ಸ್
- The European Central Bank is headquartered in Frankfurt, Germany, and conducts monetary policy for the euro area.
- The primary objective of the ECB under the EU treaties is to maintain price stability.
- The ECB is an institution of the European Union and not of the United Nations system.
- The ECB President is appointed for a single, non-renewable eight-year term.
ಮೇನ್ಸ್
GS2 (international institutions) and GS3 (economy): the early exit of the ECB President raises questions on central bank leadership continuity and policy credibility. The ECB's treaty mandate of price stability and its Frankfurt-based Governing Council shape how its rate decisions spill over to emerging markets such as India through capital flows and exchange rates. A smooth, timely succession and clear forward guidance are the way to protect market confidence.
Quick recall
Answer before you reveal
2026ರ ಅಕ್ಟೋಬರ್ನಲ್ಲಿ ಭಾರತದ ಯುನೆಸ್ಕೋ ತಾತ್ಕಾಲಿಕ ಪಟ್ಟಿಗೆ ಸೇರಿದ, 7ನೇ ಶತಮಾನದ ಇಟ್ಟಿಗೆಯ ಲಕ್ಷ್ಮಣ ದೇವಾಲಯಕ್ಕೆ ಹೆಸರಾದ ಸಿರ್ಪುರ್ ಯಾವ ನದಿಯ ದಂಡೆಯಲ್ಲಿದೆ?
- ಗೋದಾವರಿ
- ಮಹಾನದಿ
- ನರ್ಮದಾ
- ಸೋನ್
ಉತ್ತರ ನೋಡಿ
ಉತ್ತರ: B — ಸರಿಯಾದ ಉತ್ತರ: ಮಹಾನದಿ — ಛತ್ತೀಸಗಢದ ಮಹಾಸಮುಂದ್ ಜಿಲ್ಲೆಯ ಸಿರ್ಪುರ್ ಮಹಾನದಿಯ ದಂಡೆಯಲ್ಲಿದೆ.
Convert this topic into marks
Today's 10-MCQ test · instant analysis · Powered by AdaptIQ