Corporate bond yields have increased a little, although these yields are still low, including because spreads remain at low levels (Graph 12). Moreover, the domestic corporate bond market has served firms well.
People could have full confidence in both the digital euro and cash, since they are both backed by a credible central bank. This is a unique feature that no private payment scheme can provide. Let me emphasise, once again, that a digital euro would not mean the end of cash. It would complement cash, not replace it.