Christine Lagarde to step down as ECB president in February

Christine Lagarde has announced her intention to step down as the President of the ECB in February 2027. Having served in the role for more than seven years, her departure comes earlier than the original term end date, which was scheduled for October 2027. Lagarde has led the powerful monetary authority throughout her tenure, and her announcement confirms the timeline for the transition of leadership at the European Central Bank by early 2027.