The European Central Bank raised borrowing costs to their highest level in 22 years and left the door open to more hikes, extending its fight against inflation that remains stubbornly high even as the euro zone economy flags.

#News #Reuters #newsfeed

Subscribe: http://smarturl.it/reuterssubscribe

Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.

Get the latest news on: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Do we need a digital euro, and why? What might it look like? And how would it differ from other means of payment?
Our host Katie Ranger puts these questions to digital euro expert Evelien Witlox.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 15 October 2022 and recorded on 7 October 2022.

In this episode:

1:11 – Commercial versus central bank money
What a digital euro is, how paying with it might work and how it would differ from the money in people’s bank accounts.

5:52 – Why are we looking into a digital euro now?
What made the ECB start exploring a digital euro in October 2021 and why we need one.

8:45 – What a digital euro might look like
What benefits a digital euro would have as a means of payment and how people would pay with it.

13:35 – Keep an eye out for the next episode!
There’s still a lot to be said on this topic. In the next episode, we’ll look at how your data would be handled with a digital euro and what it could mean, politically, for Europe.

Additional material:
A digital euro
https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html

Explainer: the digital euro and the importance of central bank money
https://www.ecb.europa.eu/ecb/educational/explainers/html/digital_euro_central_bank_money.en.html

Explainer: what is money?
https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/what_is_money.en.html

The ECB Podcast: is it time for a digital euro?
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod201106_episode11.en.html

European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html

The European Commission published its legislative plans to underpin a digital euro on Wednesday, saying it would ensure Europeans can pay digitally for free across the currency zone. “The Hash” panel weighs in on the state of central bank digital currency (CBDC) developments and crypto regulation in Europe.

European Central Bank (ECB) President Christine Lagarde raises concerns over existing speculative cryptocurrencies and says that the ECB should offer its own digital currency to facilitate more efficient international transactions.

Subscribe to our channel: https://goo.gl/WCYsH7

The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher.

Visit the CFR website: http://www.cfr.org
Follow CFR on Twitter: http://www.twitter.com/cfr_org
Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/