Lagarde to step down as ECB president in February
European Central Bank (ECB) President Christine Lagarde announced that she will step down on February 7, 2027, nearly nine months before her term was scheduled to end in October 2027. Lagarde informed the ECB Governing Council and European Council President António Costa of her decision, triggering an earlier-than-expected leadership transition at the central bank.
Her early departure has accelerated the process of selecting the ECB's next president. Former Dutch central bank governor Klaas Knot and former Spanish central bank governor Pablo Hernández de Cos are among the leading potential successors. The next president's monetary policy approach could influence the Eurozone's interest-rate outlook and the euro.
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