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: 30.04.2026 Expectation: 1300 pips
Selling ​​SPX down to $6,630
Today at 06:42 AM 8
Period: 30.04.2026 Expectation: 1000 pips
Investing in EURUSD as eurozone inflation heats up
Today at 06:42 AM 8
Gold buy
Period: 20.04.2026 Expectation: 17000 pips
Gold offsets morning losses amid failed US-Iran negotiations
Today at 06:31 AM 12
Gold buy
Period: 30.04.2026 Expectation: 800 pips
Invest in gold once $4,800 gives way
Today at 04:30 AM 14
Period: 30.06.2026 Expectation: 3300 pips
Buying USDCAD up to 1.41500
10 April 2026 52
Period: 17.04.2026 Expectation: 700 pips
AUDCAD is at risk of correction amid fragile Middle East truce
10 April 2026 44
Go to forecasts