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Christine Lagarde to step down as ECB president on 7 February 2027
European Central Bank President Christine Lagarde has told the ECB Governing Council and European Council President António Costa that she will step down on 7 February 2027. The announcement is a notice of her planned resignation, so the change is set for that future date rather than already in effect.
What does it mean?
The head of the euro area's central bank is leaving her job, but not yet. She will hand over the role on 7 February 2027, so the bank will need a new leader after that date.
Who is affected?
People and markets that follow the European Central Bank, which sets interest rates for the euro countries.