In brief
ECB President Christine Lagarde announced her resignation during a brief statement in Frankfurt, effective February 7, 2027, as reported by Xinhua and the ECB’s official press release. Reuters added a direct quote from Lagarde, saying she leaves “with a sense of good work done.” The announcement was communicated to the Governing Council and European Council President António Costa.
In a brief statement from Frankfurt on Oct. 29, ECB President Christine Lagarde announced she will step down from her position on Feb. 7, 2027.
Xinhua reported the announcement in a news brief titled “Urgent: Lagarde to step down as ECB president in February,” noting the date and her decision – "she will step down from her position on Feb. 7, 2027.”
The ECB’s own press release, issued hours later, confirmed that Lagarde “today informed the Governing Council and the President of the European Council António Costa that she will step down from her position on 7 February.”
Reuters added that Lagarde will leave the post with what she described as “a sense of good work done,” and said the announcement follows her desire to have a voice on political matters. The quote was attributed to Lagarde directly, as reported by Reuters.
