21 March | Euro

ECB's Philip Lane voices support for creating digital euro

ECB's Philip Lane voices support for creating digital euro

Philip Lane, chief economist at the European Central Bank (ECB), emphasized that the region needs to create its own digital currency now more than ever amid rising geopolitical tensions and rapid technological developments.

The ECB launched the digital euro project back in 2021, the preparation phase of which is expected to be concluded by October 2025, according to Bloomberg. However, this initiative requires the adoption of relevant legislation by the European Union. The process has stalled, the agency reported.

ECB head Christine Lagarde also supports the idea of creating the region's own digital currency, showing the same stance as Lane. The introduction of modern technologies will allow the European countries to keep up with the times, strengthen sovereignty, and reduce dependence on foreign currencies in the context of geopolitical uncertainty.

Anton Volkov MarketCheese
Period: 31.12.2025 Expectation: 1000 pips
Selling GBPUSD following yesterday’s BoE meeting
07 November 2025 40
Brent sell
Period: 21.11.2025 Expectation: 300 pips
Brent crude pulls back and gives up its previous gains
07 November 2025 39
Period: 10.11.2025 Expectation: 1300 pips
Selling GBPUSD down to 1.30160
06 November 2025 35
Period: 14.11.2025 Expectation: 300 pips
Golden cross signals potential gas rally
06 November 2025 82
Period: 11.11.2025 Expectation: 600 pips
USDCAD is poised to test six-month high at 1.417
05 November 2025 62
Period: 30.04.2026 Expectation: 11000 pips
GBPUSD selloff on weaker UK economic data
05 November 2025 39
Go to forecasts