The European Central Bank issued a statement today saying that EuropeCentral bank President Christine Lagarde has resigned and will step down on February 7 next year.
The European Central Bank said: “President Christine Lagarde informed the ECB Governing Council andEuropean Union European Council President Antonio Costa will step down on February 7, 2027.
Reuters reported that Lagarde’s term was originally scheduled to end at the end of October 2027, but in recent months, there has been growing speculation about her early departure, with the World Economic Forum being considered a possible next destination for Lagarde.
The European Central Bank is due to announce its interest rate decision at 13:15 GMT, and Lagarde will hold a regular press conference shortly thereafter.
