Lagarde to step down as European Central Bank president on Feb. 7, 2027; bank holds rates
Oct. 29, 2026 — Christine Lagarde will step down as president of the European Central Bank on Feb. 7, 2027, the bank said Thursday, Oct. 29, after she informed its Governing Council and European Council President António Costa. Her successor will be appointed by the European Council under the process set out in the EU treaty. On the same day, the Governing Council kept its three key interest rates unchanged, with the deposit facility rate at 2.50%, saying rising energy prices pose upside risks to inflation and downside risks to growth.
The wall: Why she is stepping down is not given in the release.
Tier: Confirmed (based on the European Central Bank's releases)
Sources
- European Central Bank, ECB President Lagarde to step down on 7 February 2027 (Oct. 29, 2026)
- European Central Bank, Monetary policy decisions (Oct. 29, 2026)
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