Christine Lagarde, President of the European Central Bank (ECB), will step down from her position on 7 February 2027.
She has informed the ECB’s Governing Council of her decision, along with António Costa, President of the European Council.
Under the nomination process set out in Article 283 of the Treaty on the Functioning of the European Union, the European Council will appoint her successor.
According to the ECB, members of the Governing Council thanked Lagarde warmly and gave her a long standing ovation.
Featured image: Edited by Fintech News Switzerland, based on an official Christine Lagarde portrait by the European Union via Wikimedia Commons and dit26978 via Magnific.
