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Lagarde to Leave as European Central Bank President Early

1 reports1 sourcesupdated 2 hours ago

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According to a report by Finance Magnates on October 29, 2026, European Central Bank President Christine Lagarde will step down early on February 7, 2027, nearly nine months ahead of schedule, with the European Council responsible for appointing her successor. The report indicates that the selection process for her successor has begun, with Spain’s Pablo Hernández de Cos and Klaas Knot, Governor of the Dutch central bank, listed as the leading candidates. The report also states that the ECB deposit rate is currently 2.50%, and that the digital euro could be launched as early as 2029.

AI-written from reports · updated 2 hours ago

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Oct 29
  1. Finance Magnates
    Christine Lagarde to leave as ECB president nearly nine months early, successor selection begins

    Christine Lagarde will leave as ECB president on February 7, 2027, nearly nine months early, and the European Council will appoint her successor. The report said Spain’s Pablo Hernández de Cos and Klaas Knot, president of De Nederlandsche Bank, are the leading candidates. The ECB deposit rate is currently 2.50%, and the digital euro could be issued as early as 2029.

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