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ECB Insight: OMFIF’s Villeroy Case Raises More Questions Than It Answers

ECB Insight: OMFIF’s Villeroy Case Raises More Questions Than It Answers

By David Barwick – FRANKFURT (Econostream) – An OMFIF commentary published Tuesday on the race to succeed European Central Bank President Christine Lagarde is curious in more ways than one, starting with its treatment of what is arguably the most important information it contains: that Lagarde is expected to announce after Thursday’s Governing Council meeting in Berlin that she intends to leave the ECB early next year.

9 September 2026

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 8 September 2026

Meeting Bias

ECB Governing Council Meeting