Klaas Knot

Former president, Dutch central bank; former FSB chair

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ECB president Lagarde to step down in February, nine months early

Nominated by the Netherlands; Eurogroup weighed the candidacies on Nov. 9 without a formal recommendation

Christine Lagarde leaves the European Central Bank on Feb. 7, 2027, about nine months before her term ends, after announcing on Oct. 29 that she wants freedom to speak on matters beyond monetary policy. Euro-area inflation reached 4% in October, up from 3.8% in September, led by energy costs.

Updated 10 hours ago