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The European Central Bank sets interest rates and monetary policy for the euro area. Its decisions move the euro, European bonds and stocks.

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ECB Picks 36 Firms for Digital Euro Pilot Starting Late 2027

The European Central Bank selected 36 payment providers to test a digital euro in a yearlong pilot beginning in late 2027. The test will include major players like Deutsche Bank and Revolut and cover online, offline, in-store, and e-commerce payments with central bank staff as initial users.

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