LAGARDE SAYS EURO ECONOMY RESILIENT , DIGITAL EURO IMMINENT

What happened: ECB President Christine Lagarde said the euro-area economy is resilient and that the ECB is preparing a digital euro to complement cash for day-to-day payments. Key numbers: September euro area inflation was 3.8%. Inflation is expected to stay above target through the first half of 2027. Full implementation of the Pontes settlement system is expected by 2028. Why it matters: Lagarde said the digital euro will stimulate innovation and competition in retail payments and support Europe's strategic autonomy in payments. She said a measured policy response remains appropriate.

ECB President Christine Lagarde said the euro-area economy is resilient and that the ECB is preparing a digital euro to complement cash for day-to-day payments.

Lagarde said the digital euro will stimulate innovation and competition in retail payments and support Europe's strategic autonomy in payments. She said a measured policy response remains appropriate.