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ECB president Christine Lagarde will step down on February 7, 2027, before her scheduled term ends, the European Central Bank said on October 29, 2026.
Her planned departure would come nearly nine months before the scheduled end of that term. The ECB said its Governing Council gave Lagarde a standing ovation.
Announcement precedes rate decision
The announcement came ahead of the ECB’s latest interest-rate decision, which was due later on October 29. The central bank’s Governing Council sets monetary policy for the euro area.
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