BIS SPEECHEScentral bank
The cooperative spirit at the heart of the digital euro
Hawkish Score0Neutral
Trailing 7 speeches
Speaker DriftPiero Cipollone · 10 speeches in 12motrend: neutral
−100neutral band ±25+100
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Language essentially preserved across key themes regarding monetary sovereignty and digital currency.
- 03Vote split: No vote-record change.
From the original
Lecture by Mr Piero Cipollone, Member of the Executive Board of the European Central Bank, at the annual meeting of the Federation of Italian Cooperative Credit Banks (Federcasse), Rome, 17 July 2026.