Change at the top of the European Central Bank. Names have been mentioned.

Christine Lagarde, President of the European Central Bank, announced her resignation effective February 7, 2027, nearly nine months before her term ends. Discussions are underway regarding her successor, with candidates including Pablo Hernandez de Cos and Klaas Knot, both former central bank leaders. Knot is seen as more hawkish, potentially favoring tighter monetary policy, while de Cos may ensure continuity in current policies. The nationality of candidates could influence support from Northern European governments. The ECB's leadership is appointed by the European Council after consultations with the European Parliament and Eurozone countries.