Christine Lagarde, who has served as President of the European Central Bank for seven years, has announced she will leave the role earlier than planned.
The ECB stated that President Christine Lagarde informed both the Governing Council and European Council President Antonio Costa that she will step down on 7 February 2027.
European Council President Antonio Costa said the search for her successor would commence without delay.
The announcement precedes a crucial ECB meeting this week, which is expected to address France’s worsening public finances.
No explanation has been provided for the early departure, although speculation suggests she may be stepping down to allow EU leaders to select her successor before the French elections, where a far‑right victory could impact the appointment.
This is a developing story. More to follow.
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