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BackEuropean Central Bank President Lagarde to stand down in Februrary
European Central Bank President Lagarde to stand down in Februrary
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CNBC2 hours agoBusiness1 min read

European Central Bank President Lagarde to stand down in Februrary

christine lagardeecbeuropean central bank

Quick Look

European Central Bank President Christine Lagarde will step down on February 7 next year, ahead of her term ending in October 2027.

AI-generated summary

Why It Matters

Lagarde has led the euro area's central bank since July 2019, with her original term due to end in October 2027.

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European Central Bank said on Thursday that President Christine Lagarde will step down from her role on Feb. 7 next year.

Lagarde was given a standing ovation by the Governing Council of the euro area's central bank, which she has led since July 2019. Her term was due to end in October 2027.

The announcement came ahead of the ECB's latest interest rate decision, due later on Thursday.

What to Watch

AI outlook — possibilities, not facts

  • Christine Lagarde steps down on Feb. 7 next year

    Very likely · Within months

Open Questions

  • Who will succeed Christine Lagarde as ECB President?
  • What are the reasons for stepping down before October 2027?

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This article was originally published by CNBC.

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