In brief
On Oct. 29, 2026, ECB President Christine Lagarde declared she would step down on Feb. 7, 2027. The announcement was made in a short statement in Frankfurt and confirmed by an ECB press release addressed to the Governing Council and European Council President António Costa. The announcement comes amid ongoing speculation about her future but no reasons were disclosed.
On Thursday, Oct. 29, 2026, European Central Bank (ECB) President Christine Lagarde announced in a brief statement in Frankfurt that she will step down from her position on Feb. 7, 2027.
ECB Confirmation
The announcement was confirmed by the ECB in a press release, where it noted that Lagarde informed the Governing Council and European Council President António Costa of her decision to resign.
Both the Xinhua report and the ECB’s own statement confirm the date and the nature of the announcement. Neither source offers a reason for the resignation, and no additional details have been released as of now. Sources have not yet provided further explanation or context for Lagarde’s decision.
