European Central Bank President Christine Lagarde leaves office eight months before her term expires
He was due to remain in office until the end of October next year, but his term expires on 7 February 2027. The European Central Bank has stated in a brief statement that "the new president shall be appointed by the Council of Europe in accordance with the Treaty on the Functioning of the European Union".
The President of the European Central Bank (ECB), Christine Lagarde, has informed the Governing Council and the President of the European Council, Antonio Costa , ofher resignation on 7 February 2027.
Lagarde should have been in office until the end of October next year, when he is in office.
"The new presidentwill be appointedby the Council of Europe in accordance with the Treaty on the Functioning of the European Union, "the ECB said in a brief statement.
The Governing Council has expressed its appreciation to Lagardea, who has been "greeted" with a long standing ovation.
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