ECB sees no wave of AI-led layoffs yet, Lagarde says
Tweet
Share
E-mail
FILE PHOTO: European Central Bank President Christine Lagarde delivers her keynote speech at Euro Finance Week, a weeklong annual financial conference in Frankfurt, Germany, November 21, 2025. REUTERS/Heiko Becker/File Photo
FRANKFURT, Feb 26 (Reuters) - Artificial intelligence is boosting productivity in the euro zone but it is not yet causing a wave of layoffs due to greater automation of labour, European Central Bank President Christine Lagarde said on Thursday.
"What we are seeing for the moment is that it's increasing productivity," Lagarde told a committee of the European Parliament. "But we are not yet seeing consequences in terms of labour market and waves of redundancies that are feared, and that you know we will be extremely attentive going forward."
(Reporting by Balazs Korany and Francesco Canepa; Editing by Alison Williams)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nebius beats quarterly revenue estimates as AI demand fuels growth
- Standard Chartered venture Anchorpoint begins Hong Kong dollar stablecoin rollout
- China's central bank pledges timely new policy rollout
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
