The European Central Bank (ECB) said on Thursday that it could launch a pilot of its digital currency in 2027, provided it receives timely approval from lawmakers for the project, which it considers vital for the euro zone’s financial autonomy, News.Az reports, citing Reuters.

The European Central Bank (ECB) is set to hold interest rates steady this week for its third consecutive meeting, with inflation remaining subdued and signs of improvement in the eurozone economy, News.Az reports, citing foreign media.

The eurozone’s short-term inflation expectations climbed to 2.8% in August, up from 2.6% in July, according to the European Central Bank’s (ECB) consumer survey released Friday.