Macro· ★★★· neutral·

Lagarde defends ECB rate hikes at IMF and presses Brussels on digital euro deadline

  • —ECB deposit rate stands at 2.50% after two 25 bps hikes since June
  • —Eurozone inflation was 3.8% in September, core at 2.5%
  • —A 12-month digital euro pilot is planned for H2 2027
  • —The digital euro regulation must be adopted by end-2026
Why it matters: Tighter ECB policy and the digital euro timeline will shape euro liquidity and competition with dollar stablecoins in Europe.
Source: Journal du Coin