We are therefore fostering a dialogue with European businesses and citizens. The EBC recently published the findings of the responses by focus groups.13 These give us additional insights on the payment needs of consumers and merchants and specific use cases of a potential digital euro.
This work builds on previous published Central Bank research that highlighted the pass through from sterling exchange rate movements to Irish consumer prices (seeReddan and Rice (2017), “Exchange Rate Pass-Through to Domestic Prices”. Economic Letter no. 8. Central Bank of Ireland.