ECB President Christine Lagarde to step down next February, months before her mandate ends

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ECB President Christine Lagarde to step down next February, months before her mandate ends  Christine Lagarde will step down on 7 February 2027, around nine months before the end of her eight-year term, the European Central Bank announced on Thursday, hours before it kept interest rates on hold at 2.5%.  READ MORE : http://www.euronews.com/2026/10/29/ecb-president-christine-lagarde-to-step-down-in-february-months-before-her-term-ends  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:02Christine Lagarde will step down as president of the European Central Bank on February the 7th,

00:072027. The bank announced on Thursday, about nine months before her eight-year term was due to end.

00:15The news was announced in a statement by the bank's governing council, which thanked her

00:20for her service. European Council President António Costa was quick to praise Lagarde,

00:26who took office as ECB President in November 2019, after eight years as Managing Director of the IMF.

00:34Her successor will be appointed by the European Council, which brings together EU leaders.

00:40The ECB gave no reason for her departure. However, with this early departure, Lagarde is paving the

00:47way for the French President Emmanuel Macron to play a part in appointing her successor ahead of

00:53next spring's presidential election in France. Paul's currently have far-right candidate Marine Le Pen

00:59as the frontrunner, with hard-left candidate Jean-Luc Mélenchon in second.

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