ECB President Lagarde to step down on 7 February 2027
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Christine Lagarde has informed the Governing Council and European Council President António Costa that she will step down as ECB President on 7 February 2027. Her successor will be appointed by the European Council under the procedure in Article 283 of the Treaty on the Functioning of the EU.
Key points
- Her departure will follow the February monetary policy meeting
- The process to choose a successor is already under way
Who is affected
ECB, markets and euro area governments
Deadlines
Departure effective 7 February 2027
Plain-language version
Christine Lagarde will step down as president of the ECB, the central bank of the euro countries that sets interest rates, on 7 February 2027, after that month's meeting. EU leaders have already started looking for a successor. Whoever takes over will have a big say in the price of money, meaning what you pay on a mortgage or earn on your savings.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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