ECB President Christine Lagarde says she will step down on 7 February 2027, after seven years leading the bank.
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27 currencies destroyed and 27 countries at the brink of war. thank you for your service.
Lol
Yes, price stability worked extremely well. Price for a Döner doubled. Well done!
Thank you for your service!
Small correction to the "seven years" framing: reports describe it as an eight-year term due to end 31 October 2027, so a February 2027 exit comes nearly nine months early. No reason given in these reports for the early departure.
Should have put on sunglasses like Macron for this one
What happens next, from the official texts:
- The ECB's own release (Oct 29) says she told the Governing Council and European Council President Costa she'll leave on 7 Feb 2027. No reason is given there.
- Costa says the successor process starts today, "without delay".
- Under Article 283(2) of the EU Treaty, the Council (EU finance ministers) recommends a candidate, the European Parliament and the ECB Governing Council are consulted, and then the euro-area leaders appoint by qualified majority.
- The new president gets a full 8-year, non-renewable term. So whoever is picked would serve to around 2035, not just the ~9 months left on Lagarde's term.
Same day, the ECB left all three key rates unchanged (deposit 2.50%), so the news came alongside a no-change decision. 

European Central Bank
ECB President Lagarde to step down on 7 February 2027
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price...

European Central Bank
Monetary policy decisions
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price...
She's starting to shed. Time to retreat to the caves.
Fifi nooooooooo!!
Somebody suddenly announces a change whilst exhibiting an injury near to one eye... Nothing to see here folks!
Fucking reptile leaving the ship
Really? Quitting on 7227? Or 27 20 27?
After 7 years?
WTF is up with these vampires and their obsession with numbers?
Just a scratch from a reptilian's claw
she cut herself while shaving?
🌑 She will leave one day after the Solar Eclipse which is seen as a fated event where she literally is ‚eclipsed‘.
That said Solar Eclipses are new starts and I think she already has a new job…
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tripled!
i just ate one for 8.50€. the good old days i paid 2.5€
I get so repulsed.
Sieht aus wie gekidnappt und zu einer Aussage gezwungen.
Yes, I remember 1.50€ Döner in Berlin. But that was not 2019 when she took place :-D
I had the meme to hand, so I thought I'd share it 😂

