Christine Lagarde announces early resignation from the European Central Bank

Christine Lagarde has officially announced her resignation as President of the European Central Bank (ECB), effective February 7, 2027. This decision concludes her mandate nine months earlier than originally scheduled. In a video announcement, Lagarde addressed her appearance, revealing that she had recently undergone a minor surgical procedure to remove skin cancer, while dismissing rumors regarding her health or potential involvement in other international organizations.

Following the announcement, the President of the European Council, Antonio Costa, confirmed that the formal process to appoint her successor will begin immediately. This selection will follow the nomination procedure mandated by Article 283 of the Treaty on the Functioning of the European Union. While the transition remains under coordination, reports suggest the departure may be linked to her desire for greater independence regarding the French political landscape ahead of the national elections in April 2027. The ECB Board members acknowledged her tenure with a formal commendation as the institution prepares for a leadership change.