But the softer it talks, the more the market leans in to hear better and, thus, the more the whisper gets amplified. So efforts to overly manage the market volatility associated with our communications may ultimately be self-defeating.
Originally, the € note was issued in response to a number of euro area countries wanting a euro banknote that corresponded to the highest-value note in their former national currency. It’s true that it’s very rarely used in France, but it is used more in other euro area countries, both as a means of payment and as a store of value.