European Central Bank

ECB President Christine Lagarde to Step Down on 7 February 2027

Lagarde to step down as euro-area central bank president on 7 February 2027

• Informed Governing Council and European Council President António Costa on 29 October
• New Eurosystem annual balance-sheet format to recategorise “Sundry”, “Reserves”, accumulated losses and annual profit/loss
• Sweden approved for T2 services; updated Denmark agreement signed
• Central-bank cooperation programme extended to Moldova and Ukraine for its 2026–28 phase

Original Press Release

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