ECB President Christine Lagarde to step down on February 7, 2027

Christine Lagarde has announced her decision to step down from her position at the ECB. Her resignation will take effect on February 7, 2027, nearly nine months early. Originally, her term was expected to end in October 2027. Speculation regarding her early exit has been ongoing for several months. The announcement coincides with the ECB's interest rate decision the same day.