ECB President Christine Lagarde to step down early in February
Her eight-year term would have regularly expired at the end of October 2027. With her early resignation on February 7, Lagarde is giving politics time to arrange for her succession. This is because the fear of euro-critical right-wing populists is great.
Christine Lagarde is stepping down early as President of the European Central Bank, leaving her position on February 7, 2027, rather than at the end of her eight-year term in October 2027. This allows for her successor to be chosen before the French presidential election, amid concerns about the rise of euro-skeptic right-wing populists.
Lagarde informed the ECB Council and European Council President António Costa of her decision. The leaders of the 20 eurozone countries must now agree on her replacement, with Klaas Knot and Pablo Hernández de Cos seen as frontrunners.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 4 other outlets
- Monetary policy: ECB President Christine Lagarde to step down early in February handelsblatt.com
- Christine Lagarde to step down as ECB president in February politico.eu
- ECB chief Christine Lagarde to step down in February bangkokpost.com
- ECB Chief Christine Lagarde to step down in February derstandard.at
