According to MoneyDJ, the European Central Bank kept its benchmark rate at 2.5% on October 29, signaling a likely rate hike in December pending additional data. ECB President Christine Lagarde announced the same day she will step down on February 7, 2027, approximately eight months earlier than her scheduled October 2027 departure, to pursue freedom of speech on global affairs. Lagarde stated the central bank's monetary policy decisions will remain unaffected by her early exit.

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