ECB has completed technical preparations for digital euro, Lagarde says

European Central Bank (ECB) President Christine Lagarde announced that the ECB has completed its technical preparatory work for a digital euro, with only the relevant legislation now pending. She also stated that the central bank will not pre-commit to a specific interest rate path, adding that inflation is projected to return to the ECB's 2% target by 2028. The ECB held the eurozone's key interest rate steady on Thursday.