Why did Lagarde previously consider an early exit from the ECB?

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Lagarde Considered Early ECB Exit Due to Inflation Near Target and Digital Euro Progress

Christine Lagarde had previously considered an early departure from her role as President of the European Central Bank (ECB) in February. At that time, inflation was approaching the ECB's two percent benchmark rate, and the legislative approval process for the digital euro was progressing as anticipated. These factors contributed to her feeling that her mission was accomplished, coupled with her age of 70, which made earlier retirement seem feasible.
Inflationary Environment and Digital Euro Progress as Motivators

The confluence of economic conditions and legislative milestones played a significant role in Lagarde's contemplation of an earlier exit. In February, inflation had neared the ECB's target of two percent, suggesting a potential stabilisation of price levels. Concurrently, the digital euro project was on a clear path towards legislative approval, indicating progress on another key initiative under her leadership.
Personal Factors and Mission Accomplishment

Beyond the institutional considerations, Lagarde's age of 70 was also a factor in her thinking about an earlier retirement. The perceived completion of her core objectives, particularly regarding inflation and the digital euro, created a window where she felt her mission was substantially accomplished, making an earlier departure a plausible consideration.
Shifting Circumstances Influencing Her Decision to Stay

However, recent economic developments have influenced her decision to remain in her post. The ECB recently increased its deposit rate to 2.25 percent in an effort to curb rising inflation. This renewed focus on maintaining price stability has led Lagarde to reaffirm her commitment to her duties, emphasizing her sense of responsibility during times of economic challenge.

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Why did Lagarde previously consider an early exit from the ECB?

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