An Executive Board member of the European Central Bank said the euro’s role in the global financial system is evolving as central banks respond to structural economic changes, geopolitical fragmentation, and shifts in global trade and capital flows.
Focus on price stability and institutional frameworks
Speaking on January 9, Philip R. Lane said the euro area’s monetary framework remains anchored in price stability while adapting to a more complex international environment shaped by supply-side pressures and changes in the global economy.
Lane emphasized the importance of resilient institutions, credible policy frameworks, and international coordination as monetary authorities navigate a period of heightened uncertainty.
Payments and financial infrastructure highlighted
Lane noted that the evolution of payment systems and financial infrastructure is an important consideration for central banks as economic and technological conditions change, underscoring the need to preserve financial stability and trust in the monetary system.
ECB’s broader work on the future of money
The remarks come as the ECB continues broader work on modernizing the euro area’s financial and payment systems, alongside international discussions on the future of money and monetary cooperation.
