P208news.today208Fri 30 Oct23:46
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ECB President Lagarde to step down in February, nine months early
Christine Lagarde will resign as president of the European Central Bank on 7 February 2027, nine months before her term ends.
Christine Lagarde announced on Thursday that she will step down as president of the European Central Bank on 7 February 2027, nine months before her eight-year term ends in October. The ECB confirmed her departure in a statement. Her resignation opens the way for European leaders to appoint a successor before France's presidential election in April 2027. The timing allows the European Council to choose a new ECB chief while pro-EU President Emmanuel Macron remains in office, potentially preventing far-right candidate Marine Le Pen from influencing the decision. The succession also coincides with other ECB leadership changes: Isabel Schnabel is leaving in January to join the International Monetary Fund, and chief economist Philip Lane's term ends in May.
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