Economy
ECB says Christine Lagarde will step down as president in February 2027
The European Central Bank says Christine Lagarde informed its Governing Council and European Council President António Costa that she will step down as ECB president on 7 February 2027. The announcement appears in a broader record of October decisions covering payment-system agreements, regulatory opinions, accounting transparency and expanded cooperation with Moldova and Ukraine. The release confirms the timing of Lagarde’s departure but provides no explanation for the decision or information about a successor.
Editorial summary · Publisher article
What matters
- Lagarde’s planned departure date is 7 February 2027.
- The ECB says she notified the Governing Council and European Council president on 29 October.
- The same release records agreements involving Sweden and Denmark’s central banks.
- The ECB extended a central-bank cooperation program to Moldova and Ukraine.
Context & caveats
- The announcement gives no reason for Lagarde’s departure and does not identify a successor.
Why this made the edition
An official ECB release confirms a consequential leadership change and provides the exact departure date, while also documenting related institutional actions.
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