Christine Lagarde leaves the presidency of the ECB on February 7

Christine Lagarde announced her resignation as President of the European Central Bank, effective February 7, 2027. She expressed pride in her service and gratitude to supporters. António Costa, President of the European Council, respected her decision and praised her sense of duty. He also initiated the succession process for her position, aiming for a swift decision by the Eurozone Council. Lagarde has been in office since November 2019 and is stepping down approximately nine months before her term ends in October 2027.