ECB sees no wave of AI-led layoffs yet, Lagarde says


FILE PHOTO: European Central Bank President Christine Lagarde delivers her keynote speech at Euro Finance Week, a weeklong annual financial conference in Frankfurt, Germany, November 21, 2025. REUTERS/Heiko Becker/File Photo

FRANKFURT, Feb ⁠26 (Reuters) - Artificial intelligence ⁠is boosting productivity in ‌the euro zone but it is not yet causing a ​wave of layoffs ⁠due to ⁠greater automation of labour, European ⁠Central ‌Bank President Christine Lagarde said ⁠on Thursday.

"What we are seeing ​for ‌the moment is that ⁠it's ​increasing productivity," Lagarde told a committee of ⁠the European Parliament. "But we ​are not yet seeing consequences in terms of ⁠labour market and waves of redundancies that are feared, and that you ​know we ⁠will be extremely attentive ​going forward."

(Reporting ‌by Balazs Korany ​and Francesco Canepa; Editing by Alison Williams)

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