Monetary Policy Tightening Stancemonetary policy
0.75Neutralized20% impact weight
The digital euro is monetary infrastructure rather than a rate decision; it does not directly raise or lower the tightening stance, so direction is neutral.
initiativeverifiedconfidence: medium
ECB under Lagarde launches the digital euro preparation phase
On 18 October 2023 the European Central Bank, led by President Christine Lagarde, announced it would move the digital euro project into a multi-year preparation phase, finalising the rulebook and selecting providers for a potential central-bank digital currency. The ECB framed the work as preserving access to public money and payment resilience in a digitising economy, while stressing that any decision to actually issue a digital euro would depend on EU legislation. The initiative is one of the most consequential long-run monetary-infrastructure decisions in the euro area.
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On 18 October 2023 the European Central Bank, led by President Christine Lagarde, announced it would move the digital euro project into a multi-year preparation phase, finalising the rulebook and selecting providers for a potential central-bank digital currency. The ECB framed the work as preserving access to public money and payment resilience in a digitising economy, while stressing that any decision to actually issue a digital euro would depend on EU legislation. The initiative is one of the most consequential long-run monetary-infrastructure decisions in the euro area.
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