Lagarde says euro area economy is resilient and digital euro is imminent
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European Central Bank President Christine Lagarde stated at the IMF Annual Meetings that September's 3.8% euro area inflation rate reflects high energy costs expected to ease next year, though an energy shock will keep inflation above target through the first half of 2027. The ECB is developing a digital euro to complement cash for day-to-day payments, stimulate retail payment innovation, and support European strategic autonomy. Additionally, the ECB launched Pontes on Sept. 21, allowing financial institutions to settle wholesale tokenized asset transactions in central bank money with full implementation expected by 2028.
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