Economy · Frankfurt, Germany · October 29, 2026

ECB's Lagarde to step down Feb. 7

Reported by 11 outlets · first reported Oct 29, 10:53 AM ET

Christine Lagarde said she will leave the European Central Bank on Feb. 7, 2027, about nine months early. She said she wants freedom to speak on world events. The ECB held rates at 2.5%.

Why it matters

The next head of the euro area's central bank will steer rates for 20 countries.

Background

Lagarde has led the ECB since 2019. Her successor is chosen by EU leaders.

The story so far

1. Oct 29ECB's Lagarde to step down Feb. 7
2. Oct 30Lagarde to leave European Central Bank in February
3. Nov 8Two candidates in race for ECB presidency
4. Nov 9EU aims to pick new ECB chief by year-end
5. Nov 12France leans toward backing Spain's Hernández de Cos for ECB president

Follow the whole story →

Sources

• Japan Times ↗Oct 29, 9:21 PM ET
• The Guardian ↗Oct 29, 12:05 PM ET
• CNBC ↗Oct 29, 10:53 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

See it on the globe →All of Oct 29's stories