- ECB President Christine Lagarde said the central bank plans to expand currency safety nets to make it easier for foreign central banks to borrow euros.
- The ECB will work on swap lines, which provide emergency liquidity in crises by allowing foreign central banks to borrow euros in exchange for their own currency.
- The move aims to strengthen the euro's global standing and comes amid concerns over financial fragmentation and uncertainty around the US dollar under President Donald Trump.
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“Lagarde said the ECB would work”