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Lagarde to step down from ECB

President announces planned departure in February 2027

Christine Lagarde
Christine Lagarde
Sérgio Garcia

Christine Lagarde today (October 29) announced that she would be stepping down as president of the European Central Bank in February 2027.

In a statement, the ECB said Lagarde had informed the central bank’s governing council and the president of the European Council, António Costa, of her decision.

The ECB said her successor would be appointed by the European Council following a nomination process outlined in article 283 of the treaty on the functioning of the European Union.

According to the

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