European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.

ECB President Christine Lagarde rejected Bitcoin as a reserve asset for EU central banks, but the Czech National Bank is considering it.

European Central Bank (ECB) ­president Christine Lagarde did not mince her words about the wider economic conditions even as she gave Europe’s borrowers another rate cut yesterday.

ECB President Christine Lagarde has firmly stated that Bitcoin will not be included in EU reserves due to concerns over regulatory risks.

ECB President Christine Lagarde expressed confidence that no European country would establish Bitcoin reserves.

Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.

The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar.”

Speaking at a press conference, ECB President Christine Lagarde suggested “liquid, secure and safe“ standards for central banks likely precluded Bitcoin as a reserve asset.

Europe must "be prepared" and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday.

At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.

From the standpoint of America, the EU treats us very, very unfairly, very badly,” Trump said in a virtual address to the World Economic Forum.

Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: