An ECB executive warns that in a ‘weaponised’ global financial system, Europe risks losing control over payments. A digital euro is cast as vital to safeguard monetary sovereignty and strategic autonomy.
ECB intensifies preparations for digital euro launch, advancing technical trials, regulatory frameworks and stakeholder consultations to ensure secure, scalable rollout and maintain monetary stability.
ECB President Christine Lagarde emphasized that the readiness of the digital euro is contingent upon a pivotal deadline set for October 2025. This timeline is essential for ensuring the project’s successful implementation and integration into the financial system.
As the Federal Reserve contemplates interest rate adjustments, banks are likely to reconsider their approach to savings account rates. The decision to lower rates in sync with the Fed might delay as institutions prioritize customer retention and competitive offerings.
Bitcoin prices soared on Friday in response to signals from the European Central Bank (ECB) that it will put an end to its policy of raising interest rates. The news sent investor confidence soaring, pushing Bitcoin to a three-week high.