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European Central Bank President Lagarde to stand down in Februrary

CNBC Thursday 29 October 2026, 10:12 UTC 1 min read
Key Points

Christine Lagarde, president of the European Central Bank (ECB), during a rates decision news conference in Frankfurt, Germany, on Thursday, June 11, 2026. Alex Kraus | Bloomberg | Getty Images European Central Bank said on Thursday that President Christine Lagarde will step down from her role on Feb. 7 next year. Lagarde was given a standing ovation by the Governing Council of the euro area's central bank, which she has led since July 2019.

Christine Lagarde, president of the European Central Bank (ECB), during a rates decision news conference in Frankfurt, Germany, on Thursday, June 11, 2026. Alex Kraus | Bloomberg | Getty Images European Central Bank said on Thursday that President Christine Lagarde will step down from her role on Feb. 7 next year. Lagarde was given a standing ovation by the Governing Council of the euro area's central bank, which she has led since July 2019. Her term was due to end in October 2027. The announcement came ahead of the ECB's latest interest rate decision, due later on Thursday. This is breaking news. Please refresh for updates.
European Central Bank (ORG) Lagarde (PERSON) Christine Lagarde (PERSON) the European Central Bank (ECB (ORG) Frankfurt (LOCATION) Germany (LOCATION) Alex Kraus (PERSON) Bloomberg (ORG) Getty Images European Central Bank (ORG) the Governing Council of the euro area's central bank (ORG) ECB (ORG)
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