ECB Executive Board Member Discusses Digital Euro Progress and Pilot
In an interview with Ouest-France, ECB Executive Board Member Piero Cipollone highlighted the European Parliament's strong endorsement of the digital euro, addressing privacy concerns and outlining its geopolitical importance. He detailed the upcoming pilot starting in September 2027, the business model with no ECB scheme fees, and the high cybersecurity standards applied.
Related updates
ECB Consumer Expectations Survey: July 2026 Inflation Expectations Edge Down
The ECB's July 2026 Consumer Expectations Survey shows a slight decline in perceived and expected inflation over short and medium horizons, while five-year expectations hold at 2.4%. Income growth expectations weakened and labour market sentiment softened, with higher job-loss expectations among employees. These indicators offer early signals for household demand and credit conditions relevant for risk monitoring.
21 Aug 2026
ECB’s Cipollone urges removal of Single Market barriers and warns on supply-shock rate hikes
In an interview published on 24 August 2026, ECB Executive Board member Piero Cipollone argues that removing remaining Single Market barriers is essential to strengthen European firms and competitiveness. He also cautions that rate hikes in response to supply-side shocks must be well calibrated, and supports temporary, targeted fiscal measures alongside investment in renewables.
24 Aug 2026
ECB President: Europe's Growth Model Eroding, Urges Deeper Single Market for AI and Resilience
In a speech at the World Economic Forum, ECB President Christine Lagarde argued that Europe's post-war growth model is eroding due to trade restrictions, rising energy costs, and geopolitical pressures. She called for a deeper Single Market to enable scale, innovation, and AI adoption, while noting that domestic demand has become the main driver of euro area growth.
19 Aug 2026