21 March 2025 | 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: 20.04.2026 Expectation: 160 pips
Buying SPX upon breaking 6,600
Today at 07:18 AM 6
Period: 13.04.2026 Expectation: 7000 pips
Silver's slide isn't over as strong jobs data and geopolitical heat take their toll
Today at 07:04 AM 9
Period: 10.04.2026 Expectation: 500 pips
AUDCAD flashes short-term buy signal
03 April 2026 50
Period: 10.04.2026 Expectation: 800 pips
GBPUSD is poised to resume decline after short-term bullish momentum
03 April 2026 39
Period: 29.05.2026 Expectation: 2000 pips
Selling USDCAD with 1.37250 target
03 April 2026 33
Period: 30.04.2026 Expectation: 1300 pips
Investing in SPX during correction with 6,700 in sight
03 April 2026 26
Go to forecasts