What to know

• Lagarde’s successor will probably have to contend with further French bond market turbulenceS1
• The European Central Bank kept interest rates on hold at 2.5% as news that President Christine Lagarde will step down from her role early added to concern over energy costs and France's fiscal situation. Bloomberg's Oliver Crook reports from Frankfurt. (Source...S2
• The European Central Bank kept its deposit rate at 2.5% on Thursday, hours after President Christine Lagarde said she would leave next February, months before her term ends, as France's bond market turmoil and inflation at 3.8% cloud the outlook for the eurozo...S3
• Christine Lagarde will leave the ECB in February 2027, eight months early, triggering an immediate search for her successor.S4