Former IMF boss Christine Lagarde has been officially appointed as President of the European Central Bank.
She will replace outgoing President Mario Draghi on 1 November.
“On 2 July 2019, the European Council considered Christine Lagarde to be the appropriate candidate for President of the European Central Bank. The Council (Economic and Financial Affairs) then issued a formal recommendation on 9 July 2019. The European Parliament and the European Central Bank delivered their opinions to the European Council, respectively on 17 September 2019 and on 25 July 2019,” the ECB said in a statement.