The president of the European Central Bank, Christine Lagarde, will leave her post early. Her term will end on February 7, 2027, the ECB's press service reported on Thursday, October 29.
Lagad was due to resign in October 2027. Lagarde's early resignation gives current EU leaders the chance to choose her successor ahead of France's presidential election, in which far-right candidate Marine Le Pen has a chance to win, according to opinion polls. Officials fear that the victory of far-right forces could complicate the negotiations on the appointment of the head of the ECB.