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Lagarde Says Her ‘Hunch’ Is That ECB Will Adopt Digital Currency

 Christine Lagarde

 Christine Lagarde

Photographer: Thomas Lohnes/Getty Images


European Central Bank President Christine Lagarde signaled that her institution could create a digital currency within years in what would be a dramatic change to the euro zone’s financial sector.

“My hunch is that it will come,” Lagarde said Thursday during a virtual panel discussion hosted by the ECB. “If it’s cheaper, faster, more secure for the users then we should explore it. If it’s going to contribute to a better monetary sovereignty, a better autonomy for the euro area, I think we should explore it.”