Lagarde: euro-area resilient, digital euro coming
AI-generated briefing · First published
ECB chief says inflation will stay above target until mid-2027 but a measured policy is appropriate.
European Central Bank President Christine Lagarde told ministers in Thailand that sound public finances are essential for stability and that the euro-area economy remains resilient. [1] [2]
She said September’s 3.8% inflation largely reflects high energy costs expected to ease next year, yet an energy shock will keep inflation above target through the first half of 2027. [2]
Lagarde added that the ECB is preparing a digital euro to complement cash and stimulate innovation in retail payments. [2]
Sources
- Lagarde Says Sustainable Finances Key for Economic Stability
Bloomberg · · Summary only
- Lagarde says euro-area economy is resilient, digital euro imminent
Cointelegraph · · Full text