Christine Lagarde leaves the presidency of the ECB in February 2027

Christine Lagarde announced her intention to resign as President of the European Central Bank in February 2027, expressing pride in her service. António Costa acknowledged her decision, praising her leadership during challenging times. The process for appointing her successor will begin immediately, aiming for a timely decision by the European Council. Lagarde's term was originally set to end in October 2027, but rumors of an early departure have now been confirmed. The ECB is expected to announce its interest rate decision shortly, with rates likely remaining unchanged.