Christine Lagarde’s eight-year term as European Central Bank president runs until October 2027, and her recent statements have reinforced expectations that she will serve through at least that year. In late September interviews, she indicated she would not rule out departing a few months early but explicitly affirmed she will still be in the role in 2027, framing any early exit as limited in scope and timing. She also ruled out a 2027 French presidential bid. Separate board departures—Isabel Schnabel effective January 2027 and Philip Lane in May 2027—have prompted euro-area governments to begin succession discussions, yet these center on 2027 vacancies rather than an accelerated Lagarde exit. Trader consensus reflected in the 76.5% “No” price aligns with the absence of confirmed signals or institutional pressure pointing to a 2026 departure.