Frankfurt, 29 Oct. (LaPresse) – The President of the European Central Bank (ECB), Christine Lagarde, will step down from her post on 7 February 2027. She announced this today to the ECB’s Governing Council and to the President of the European Council, Antonio Costa, as reported by the ECB in a statement. Lagarde’s successor will be appointed by the European Council, in accordance with the procedure laid down in Article 283 of the Treaty on the Functioning of the European Union (TFEU). The Governing Council warmly thanked Lagarde, giving her a long standing ovation. “I have just informed my colleagues responsible for monetary policy decisions and the staff of the European Central Bank that I will be stepping down from my post with effect from 7 February 2027, following a Governing Council meeting on monetary policy,” said ECB President Christine Lagarde in a video announcing her departure from the institution. “It has been a source of great pride and an enormous privilege to serve this institution. I would like to thank everyone who has contributed to, supported and advanced the mission we have in Europe,” she added. “To be a steadfast anchor, to be solid, to ensure price stability and financial stability. I believe I am leaving this institution in the knowledge that I have done a good job and with an ECB that is ready to face the future,” she concluded.
ECB: Lagarde is set to step down as President on 7 February 2027
Frankfurt, 29 Oct. (LaPresse) – The President of the European Central Bank (ECB), Christine Lagarde, will step down from her post on 7 February 2027. She announced this today to the ECB’s Governing Council and to the President of the European Council, Antonio Costa, as reported by the ECB in a statement. Lagarde’s successor will be appointed by the European Council, in accordance with the procedure laid down in Article 283 of the Treaty on the Functioning of the European Union (TFEU). The Governing Council warmly thanked Lagarde, giving her a long standing ovation. “I have just informed my colleagues responsible for monetary policy decisions and the staff of the European Central Bank that I will be stepping down from my post with effect from 7 February 2027, following a Governing Council meeting on monetary policy,” said ECB President Christine Lagarde in a video announcing her departure from the institution. “It has been a source of great pride and an enormous privilege to serve this institution. I would like to thank everyone who has contributed to, supported and advanced the mission we have in Europe,” she added. “To be a steadfast anchor, to be solid, to ensure price stability and financial stability. I believe I am leaving this institution in the knowledge that I have done a good job and with an ECB that is ready to face the future,” she concluded.