ECB President Lagarde to stand down in Februrary
The early departure opens a succession race as the European Central Bank keeps battling inflation and policymakers weigh another rate increase.
- On Thursday, European Central Bank President Christine Lagarde announced she will step down on February 7, 2027, ending a term originally scheduled until the end of 2027.
- Speculation about an early departure had been mounting for months, with the World Economic Forum frequently cited as a likely destination for Lagarde following her tenure.
- Amid persistent inflation from surging energy costs, the ECB deposit rate is expected to remain at 2.5% today as the bank navigates deteriorating financing conditions.
- Praising Lagarde's 'leadership,' European Council President Antonio Costa confirmed the appointment process for a successor will proceed without delay to ensure smooth transition.
- Former central bank governors Klaas Knot of the Netherlands and Pablo Hernandez de Cos of Spain are considered the leading frontrunners to replace the outgoing president.
243 Articles
243 Articles
The President of the European Central Bank will leave office almost nine months before the expiry of her term of office, scheduled for the end of October 2027, announced the European Central Bank on Thursday.
Brussels, 29 Oct (EFE).- The European Union Ç(EU) will begin this Thursday the process of seeking a substitute to replace Christine Lagarde as president of the European Central Bank (ECB), after the French woman has announced that she will leave office on 7 February.This is what the President of the European Council has assured [...] The entry The President of the ECB, Christine Lagarde, leaves office on 7 February 2027 was first published in Ho…
The Korea Times
European Central Bank President Christine Lagarde will resign Feb. 7, ahead of term
FRANKFURT, Germany — European Central Bank President Christine Lagarde will resign Feb. 7, nine months ahead of the end of her 8-year term, the ECB said Thursday. The resignation opens the way for European leaders to choose a successor for the ECB president and other top officials whose terms are ending next year. There had been speculation that Lagarde would leave early to enable EU leaders to choose a successor while pro-EU French President Em…
He is likely leaving nine months early so that Emmanuel Macron can choose his successor before the upcoming French elections.
ECB President Christine Lagarde will resign early.
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