Christine Lagarde said Monday that she intends to continue as European Central Bank (ECB) president to make sure inflation stays in check, months after a report claimed she would leave the post.
"I have a sense of duty and I believe that when there's a bit of a storm, the captain remains on deck. So the captain of the European Central Bank is on deck," Lagarde told France Culture radio.
She also welcomed news of a tentative deal between the U.S. and Iran, saying it could help reopen the key Strait of Hormuz, although fellow policymaker Joachim Nagel cautioned it would bring no immediate relief to high eurozone inflation.
U.S. and Iranian officials said overnight they had reached an agreement to end their war and reopen the strait, a gateway for energy shipment, in a preliminary pact that sent oil prices falling and curbed bets on ECB rate hikes.
The Financial Times said in February, citing an anonymous source, that Lagarde would leave before October 2027.
