The ECB is hosting an online focus session designed to support payment service providers (PSPs) in preparing for the call for expression of interest to participate in the digital euro pilot. This session offers PSPs a chance to engage directly with the Eurosystem, ask questions, and gain insights into the technical and operational aspects of the pilot. Further details about the session will be shared closer to the date.
Today our Governing Council decided on monetary policy.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect prices to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions
Published and recorded during our press conference on 19 March 2026.
Our monetary policy statement at a glance, 19 March 2026 https://www.ecb.europa.eu/press/press_conference/visual-mps/2026/html/mopo_statement_explained_march.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 19 March 2026 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2026/html/ecb.is260319~93b1cbad97.en.html
Monetary policy decisions, 19 March 2026 https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.mp260319~3057739775.en.html
Combined monetary policy decisions and statement, 19 March 2026 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds260319~30247d385d.en.pdf
Macroeconomic projections, 19 March 2026 https://www.ecb.europa.eu/press/projections/html/ecb.projections202603_eurosystemstaff~da4f97a747.en.html
European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html
Are we really watching cash disappear, or is that just what people on TikTok say?
In this episode of What the Euro?!, our host Catherine digs into the real story behind cash. To find out everything you need to know, she speaks to experts about how we’re using it, why it matters, why it’ll stay and what’s changing with new banknote designs and the digital euro.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Insights on general approach of Appia and how to be involved | Focus Session – Appia Roadmap for shaping the European tokenised financial ecosystem.
The Eurosystem is committed to continue its collaboration with the market as Appia advances. Learn more about the general approach of Appia and the building blocks that will be developed, how public and market stakeholders will support and advance analytical and practical work and how work on relevant standardisation activities in this field will be supported. Find out how you can provide feedback and express your interest in contributing to the forthcoming work on Appia.
Paul Gardin, Market Infrastructure Expert, ECB
Gergely Koczan, Team Lead, ECB
Welcome address | Focus Session – Appia Roadmap for shaping the European tokenised financial ecosystem.
Explore the Eurosystem’s programme on tokenised wholesale central bank money that is paving the way for a future-ready, integrated financial ecosystem leveraging tokenisation and distributed ledger technology (DLT) and how it shapes the development of a European tokenised financial ecosystem. Learn more about how this strategic initiative brings together the Eurosystem as well as public and private sector stakeholders, with the aim of building integrated, innovative and resilient tokenised wholesale financial markets in Europe.
Overview on Appia roadmap | Focus Session – Appia Roadmap for shaping the European tokenised financial ecosystem.
The Appia roadmap sets out how the Eurosystem will shape the development of a European tokenised financial ecosystem. Gain insights on the objectives for pursuing this roadmap, the design principles and the timeline for this journey.