Digital Euro Within Decade ‘Very Likely,’ Says Finland’s Chief Central Banker
Olli Rehn believes a digital euro "in one form or another" is all but inevitable.
The ECB says the additional monetary policy actions were needed because of a resurgence in coronavirus cases.
Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview.
The ECB's decision to expand an emergency bond-buying program by €500B may represent the latest installment of years-long balance-sheet increase.
The survey indicates a much more profound change in the way finance works is being contemplated.
The "priority" research comes as Spain weighs a global pivot to digital economies.