ECB President Lagarde excludes Bitcoin from reserves, cuts interest rates to 2.75% amid economic concerns.

ECB President Christine Lagarde stated that Bitcoin will not be included in the ECB's reserves due to concerns over liquidity, security, and regulatory compliance. The ECB has also cut its key interest rates by 25 basis points to 2.75% amid economic stagnation, with Lagarde hinting at further cuts this year to counter low consumer confidence and trade policy risks. The ECB aims to maintain price stability and is adopting a data-dependent approach to monetary policy.

2 months ago
14 Articles

Further Reading