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European Central Bank President Christine Lagarde will resign on Feb. 7, about nine months before her eight-year term ends, the ECB announced Thursday. Yonhap reports she informed the ECB's policy committee and EU Council President António Costa of her decision, with speculation that she may take a role at the World Economic Forum. The move gives French President Emmanuel Macron a chance to influence the selection of her successor during his term, amid concerns over far-right candidates in France. Korean outlets such as Maeil Business and Dong-A Ilbo are covering the news as a major financial development, noting the resignation comes as Europe faces ongoing economic crises.