Europe’s central bank chief Christine Lagarde to step down nine months early
Christine Lagarde will step down as president of the European Central Bank nine months early in February 2027. Her departure has triggered speculation about her successor and comes amid ongoing economic challenges in the eurozone.
Why it matters
Leadership changes at the ECB significantly impact monetary policy and economic stability across the European Union.
Christine Lagarde’s early departure fires the starting gun on the race to replace her as ECB chief. Christine Lagarde’s early departure fires the starting gun on the race to replace her as ECB chief. Christine Lagarde Europe’s central bank chief Christine Lagarde to step down nine months early Departure of Lagarde, seen as candidate to take over World Economic Forum, comes as eurozone struggles with weak growth and inflation
Prefer the Guardian on Google Christine Lagarde, the eurozone’s top central banker, is stepping down nine months early.
The European Central Bank announced on Thursday morning that Lagarde would step down as its president on 7 February 2027; her term was scheduled to run until the end of October next year.
The ECB’s governing council thanked Lagarde warmly and gave her a long standing ovation, as it met to set interest rates across the eurozone.
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