Christine Lagarde to step down as president of the European Central Bank early

European Central Bank (ECB) President Christine Lagarde has confirmed that she will leave office on February 7, 2027. Her term of office was originally due to end in October 2027.

Postxronika.az reports, citing TASS, that Lagarde said this in a post on her social media account. The president of the European Union Council, Antonio Costa, said he had received an official notification about her resignation and that the process to appoint a new president would begin.

Lagarde has led the ECB since November 1, 2019. She also commented on the medical bandages on her face, saying that earlier in the week she underwent a minor medical procedure.