CHRISTINE LAGARDE, FIRST INTERVIEW IN 2020

We just keep on following Christine Lagarde, President of the ECB, who, during her first interview in 2020 of Pierre-Henri de Menthon and Sabine Syfuss-Arnaud, confirms that

“the European system wants to be an active part in this area and not a passive observer”

and that

“the ECB will continue to assess the costs and benefits of issuing a central bank digital currency (CBDC) that would ensure that the general public remains able to use central bank money even if the use of physical cash eventually declines.”

We recommend re-reading her “Winds of change” speech which, although past, is always very topical.

WINDS OF CHANGE – CHRISTINE LAGARDE