Business
Christine Lagarde to step down as ECB president in February
October 29, 2026 at 12:29 PM · Updated 1h ago
Coverage
5 reports · 3 in Arabic, 2 in English · over 3 hours
Christine Lagarde will leave the European Central Bank presidency on 7 February 2027, nine months before her term was due to end.
- Lagarde announced Thursday she will step down as ECB president, ending months of speculation about her future.
- She informed the ECB Governing Council and European Council president António Costa of her decision.
- The Governing Council thanked Lagarde, and her successor will be appointed under Article 283 of the EU treaty.
- The ECB is mid-way through a rate-increase cycle to prevent an oil-price shock linked to the Iran war from feeding into prices and wages.
- European Council President Antonio Costa said Thursday he respects Lagarde's decision and praised her leadership since November 2019 through pandemic, war and inflation crises.




