Christine Lagarde to leave ECB on 7 February 2027
By the AFREEQUE newsroom, based on L’essentiel
Christine Lagarde will leave the presidency of the European Central Bank on 7 February 2027, nearly nine months before the scheduled end of her term. She informed the Governing Council and António Costa, the president of the European Council, according to an ECB statement.
Christine Lagarde will leave the presidency of the European Central Bank (ECB) on 7 February 2027, nearly nine months before the scheduled end of her term, set for the end of October 2027. The 70-year-old announced her decision to the ECB’s Governing Council and European Council President António Costa, according to a statement by the institution relayed by AFP.
Her successor will be appointed by the European Council under the procedure set out in the treaties of the European Union. Her early departure allows French President Emmanuel Macron, whose term ends in 2027, to take part in the appointment before France’s presidential election in the spring, while Marine Le Pen is among the poll favourites.
Having taken charge of the ECB in November 2019 after leading the International Monetary Fund (IMF), Christine Lagarde served during the Covid-19 pandemic and the surge in energy prices linked to the war in Ukraine. Members of the Governing Council gave her a long standing ovation after her announcement, according to the statement.
The former French finance minister ruled out a candidacy for the French presidency at the end of September. She is nevertheless mentioned among the figures who could lead the World Economic Forum in Davos, AFP reports.
