Christine Lagarde resigned from her position as ECB president to speak out on global events

Updated 2026-11-01 · told from many outlets at once

Christine Lagarde will resign as ECB president in February 2027, nine months before her term ends on October 31, 2027. The ECB faces inflation driven by energy price hikes and rising bond yields. Lagarde will not seek the French presidency but plans to run in the next election.

• Lagarde will step down from her eight-year term in February 2027.
• The European Council will appoint Lagarde's successor.
• Lagarde plans to participate in the French presidential elections next year.
• The European Central Bank is facing inflationary risks from an oil price shock.
• The ECB Governing Council warmly thanked President Lagarde and gave her a standing ovation.
• Antonio Costa praised Christine Lagarde's sense of duty and responsibility.
• Lagarde stated she felt she had done good work for the institution.
• The European Central Bank defines interest rates for twenty-one countries using the euro.
• Pablo Hernandez de Cos is a candidate for the position of ECB President.
• The European Central Bank Council decided to keep interest rates unchanged.
• Klaas Knot and Pablo Hernández de Cos are considered top candidates to replace Lagarde.
• António Costa stated the process to select a new ECB president will begin on Thursday.
• The European Council appoints the ECB president and vice president, plus six board members.
• Lagarde stated she does not believe she can remain neutral.
• Lagarde was previously the first woman to head the International Monetary Fund.
• Inflation in the Eurozone reached 3.8 percent in October.
• Philip Lane's term as chief economist ends on May 31.
• Jean-Luc Mélenchon has called for the cancellation of French debt.

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