ME News reports that on October 17 (UTC+8), European Central Bank (ECB) President Christine Lagarde stated that the eurozone’s inflation rate for September was 3.8%, primarily driven by high energy costs, and that the ECB expects these pressures to ease next year.
She noted that energy shocks could keep inflation in the euro area above the ECB's target until the first half of 2027, but a cautious policy response remains appropriate at this time.
Christine Lagarde stated that the ECB is preparing a digital euro for everyday retail payments and as a digital complement to cash. She noted that the digital euro will further promote innovation and competition in the retail payments sector.
The ECB has launched Pontes, enabling financial institutions to settle wholesale tokenized asset transactions using central bank money; the system initially offers core services, with full implementation expected by 2028. (Source: ODAILY)
ECB President: Digital Euro Near Launch, Eurozone Economy Resilient
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Summary
On October 17, ECB President Christine Lagarde stated that eurozone inflation rose to 3.8% in September, primarily driven by energy costs, and she anticipates downward trends in the coming months. The ECB is developing a digital euro for retail use, to be offered alongside cash, to foster innovation in the payments sector. As part of its digital asset regulation efforts, the ECB also launched Pontes—a system for wholesale settlement of tokenized assets using central bank money. The platform supports Counter Financing of Terrorism (CFT) measures and will be rolled out gradually, with full deployment expected by 2028.
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