ECB Targets Oct. Launch for Digital Euro
· 11h · on MSN
EU lawmakers voice doubts about digital euro after ECB outage
ECB Targets October Launch for Digital Euro, But Lawmakers Raise Concerns
European Central Bank President Christine Lagarde has said the ECB is looking to issue a digital euro by October 2025, once legislation comes into effect - if the central bank has its way. However, lawmakers recently raised doubts on whether a digital euro can take flight, according to a Reuters report on Monday.
EU Targets October 2025 for Digital Euro Rollout Amid Legislative Scrutiny
The European Central Bank has announced plans to introduce a digital euro by October 2025, contingent upon the completion of necessary legislative processes. ECB President Christine Lagarde emphasized the significance of this timeline,
ECB, euro and 25 basis point cut
Cracks are appearing in the unity of the European Central Bank due to the urgent need for money to rearm Europe. This may overpower legal and technocratic considerations regarding the management of the single currency,
FX traders are facing a monumental recalibration as the ECB prepares for its next move. Germany’s seismic fiscal shift has fueled the euro’s rally, but the real test will come in April when the ECB must decide whether to continue cutting rates or adjust to Europe’s new spending reality.
The single currency has climbed more than 4.5 per cent against the dollar this week, its biggest rise since 2009, on the prospects for a rebound in Europe just as Donald Trump’s aggressive trade policy raises concern over the health of the American economy.
The euro extended its gains after the European Central Bank cut interest rates as expected on Thursday (Mar 6) and kept the door ajar to more, even as a looming trade war with the US and plans to boost military spending drive Europe’s biggest economic policy upheaval in decades.
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