Christine Lagarde obtained Parliament’s approval to be the ECB’s next President, in a plenary vote on Tuesday.
In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Ms Lagarde to head up the European Central Bank.
The European Parliament gives a non-binding opinion on whether or not a candidate is suitable to fill the role of President of the ECB, with the final decision taken by the European Council. She is due to replace the current incumbent, Mario Draghi on 1 November.
Earlier on Tuesday, the plenary held a debate on her suitability for the position.
Ms Lagarde’s candidature will now be put on the agenda of October’s European Council summit.