Christine Lagarde to Leave ECB Presidency Early on February 7
Christine Lagarde confirms she will step down as European Central Bank President on February 7, 2027, Russia's state news agency TASS reported.
She will leave her post as President of the European Central Bank (ECB) on February 7, 2027, Christine Lagarde has announced, Russia's state news agency TASS reported.
Lagarde shared her decision on social media, stating she had informed her colleagues of her early departure.
Her term was originally set to end in late October 2027, but she will now step down nearly nine months early.
Lagarde has led the ECB since November 1, 2019.
In a video message, Lagarde also addressed speculation about her health, revealing she had undergone a minor medical procedure and was wearing adhesive bandages on her face.
She encouraged others to prioritize their health and get regular medical check-ups.
European Council President Antonio Costa confirmed he had received formal notification of Lagarde's resignation and thanked her for her service.
Costa announced that the process to appoint her successor would begin immediately, aiming to confirm the new ECB president before February 7.
Lagarde's decision comes amid speculation about her future plans, including a possible bid for the French presidency in 2027.
There have been reports that she may succeed Klaus Schwab as head of the World Economic Forum, although she has not publicly confirmed this.
Background
The European Central Bank plays a crucial role in the European Union's economic policy, setting monetary policy for the eurozone.
The ECB's president is a significant position, influencing economic decisions that affect millions of people across the region.
What's Next
The European Council will now initiate the process of selecting Lagarde's successor, ensuring a smooth transition of leadership at the ECB.
