The disclosure relates to the field of circuit breakers, in particular to an electrode for a circuit breaker and the circuit breaker, wherein the electrode includes an electrical terminal configured to input and output electrical power to the electrode, a stationary contact electrically connected to the electrical terminal and fixed to the electrical terminal, a movable contact configured to rotatably engage the stationary contact, an arc chute arranged on the electrical terminal and adjacent to the stationary contact, and a magnetic member arranged to generate a magnetic field force when the movable contact is disconnected from the stationary contact so as to push an arc formed between the movable contact and the stationary contact towards the arc chute.