
The President of the European Central Bank communicated the decision to the Governing Council and to Antonio Costa
AI-generated summary
Christine Lagarde leads the European Central Bank and her mandate comes to an end in 2027.
MILAN – The President of the European Central Bank (ECB), Christine Lagarde, will leave her post on 7 February 2027. She communicated this today to the Governing Council of the ECB and to the President of the European Council, Antonio Costa, as reported by the ECB in a note. Lagarde's successor will be appointed by the European Council, according to the procedure provided for in Article 283 of the Treaty on the Functioning of the European Union (TFEU). The Governing Council warmly thanked Lagarde, giving her a long standing ovation.
"I leave this institution with a sense of good work done and an ECB ready for the future." Thus in a short video released on social media, ECB President Christine Lagarde explained her decision, defining the institution as a "rock". For Lagarde: "it has been a great honor to serve this institution" and she thanked "all those who have supported me on this journey over the past seven years".
AI outlook — possibilities, not facts
The European Council will nominate a successor
Very likely · Within months

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