ECB President Christine Lagarde said euro-area inflation of 3.8% in September largely reflected high energy costs, which the ECB expects to ease next year. She said an energy shock will keep inflation above target through the first half of 2027, so a measured policy response remains appropriate, in remarks at the IMF Annual Meetings. The ECB is preparing a digital euro to complement cash for everyday payments, aimed at boosting innovation and competition in retail payments. Earlier, the ECB launched Pontes on September 21, a system for settling wholesale tokenized asset transactions in central bank money, with full implementation expected by 2028.
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EUR/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
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