Christine Lagarde to leave ECB presidency on February 7, opening race for her succession

FinanceInternationalEL PAÍSOct 29, 2026, 5:10 AM40 s readAI summary

European Central Bank President Christine Lagarde will leave her post on February 7, almost nine months before her mandate ends on October 31, the institution announced. The departure forces eurozone countries to agree within weeks on renewing the bank's leadership: Isabel Schnabel leaves on January 3 and Philip Lane on June 1. Spain's Pablo Hernández de Cos and the Netherlands' Klaas Knot are seen as the main candidates; the decision rests with the European Council.

In 40 seconds

Lagarde moves her departure to February 7, almost nine months before her mandate ends on October 31
Isabel Schnabel leaves on January 3 and Philip Lane on June 1, three key executive board posts
Pablo Hernández de Cos, former Bank of Spain governor, and Klaas Knot, former Dutch central bank governor, are the main candidates

Read the full story at EL PAÍS

IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.

BCE
Lagarde
eurozona
banca central
sucesión

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Christine Lagarde to leave ECB presidency on February 7, opening race for her succession

In 40 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day