31 publishers · first seen Thu, 29 Oct 2026 10:11 UTC · updated Fri, 30 Oct 2026 03:42 UTC
Christine Lagarde announced that she will step down as President of the European Central Bank on February 7, 2027, nine months before the scheduled end of her term. The decision was made as the ECB kept its benchmark deposit rate unchanged at 2.5% while euro‑area inflation stood at 3.8%.
European Council President Antonio Costa said the successor selection process will start immediately, with former Dutch central bank head Klaas Knot and Spain’s Pablo Hernandez de Cos mentioned as leading candidates. Lagarde, 70, said she wants freedom to speak on issues beyond monetary policy.
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