ECB says Lagarde will step down as President on 7 February 2027

The ECB said Christine Lagarde "informed the Governing Council and the President of the European Council António Costa that she will step down from her position on 7 February 2027." The release said her 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." Later on X, Lagarde wrote that she is leaving "because I want to have the freedom of speech, the freedom of expression, and the freedom to engage on matters that are not monetary policy matters."