ECB Officials, Lagarde in Focus as Euro Digital Currency Talks, German CPI Due

The digital euro remains the ECB's most consequential retail-payments project, and Cipollone's roundtable keeps the retail-design debate in public view even as the legislative path stays unresolved. Lagarde's Paris forum appearance and Nagel's remarks on Germany's economy carry more near-term signal for rate expectations than any digital-currency headline. The final German CPI print is the hard data point anchoring the day's narrative. The open question is whether digital euro commentary moves beyond familiar design talking points toward concrete timelines.