ECB President Lagarde to step down on 7 February 2027

The summary above is from the announcement ECB published on October 29, 2026.

What the announcement says

President Lagarde’s successor will be appointed by the European Council following the nomination process outlined in Article 283 of the Treaty on the Functioning of the European Union.

The Governing Council thanked President Lagarde warmly and gave her a long standing ovation.

For media queries, please contact Eszter Miltényi-Torstensson, mobile: +491717695305 and Uta Harnischfeger, mobile: +491621326358.

For more on the process for appointing the President of the ECB, see https://www.consilium.europa.eu/en/policies/appointment-of-the-european-central-bank-executive-board/

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ECB

Policy decisions and official commentary move currency and index pricing, and they shape the cost of holding a leveraged position.

Read the full announcement on ECB

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