Economy
Christine Lagarde to step down as ECB President in February, eight months before term ends
Christine Lagarde announced she will resign as President of the European Central Bank on 7 February 2027, ahead of her scheduled 31 October 2027 departure. The European Council, currently presided by António Costa, will begin the search for her successor immediately to ensure a transition in accordance with EU treaties.
Why it matters
The leadership change at the ECB may influence future monetary policy and interest rate decisions that affect mortgages and the broader cost of living for residents in Portugal.CNN PortugalRead original ↗
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