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European Central Bank President Christine Lagarde will resign on Feb. 7, 2027, about nine months before her eight-year term ends, the ECB announced Thursday (Oct. 29). The resignation opens the way for European leaders to choose a successor, with speculation that she may take a role at the World Economic Forum. Yonhap reports that early-departure rumors had persisted, and Maeil Business notes her resignation was officially announced the same day. The move comes amid ongoing economic crises in Europe, and some outlets highlight that it allows French President Emmanuel Macron to influence the selection of a new ECB head during his term.