Christine Lagarde announced that in February 2027 she will resign as President of the European Central Bank (ECB). "I have just informed my colleagues that on February 7, 2027 I will leave the position of ECB President," the official posted on her account on the social network X. Lagarde headed the financial body since November 1, 2019 and her mandate expired at the end of October 2027. The head of the European Council, Antonio Costa, reported that his organization is already looking for a candidate to replace Lagarde.