Lagarde: European Central Bank will "closely monitor" signs of layoffs caused by AI

CycleProphet · 2026-02-26T10:41:15+00:00

European Central Bank President Lagarde stated that the central bank will focus on the potential impact of artificial intelligence on employment. Although there have been no layoffs so far, technological investments have increased productivity, and changes in the labor market are still being observed.

CycleProphet

2026-02-26 10:41:15

Abstract generation in progress

Deep Tide TechFlow News, February 26 — European Central Bank President Christine Lagarde stated that the ECB will closely monitor any signs that the widespread adoption of artificial intelligence across the economy is leading to job reductions. When asked about AI’s impact on growth and inflation, she said that significant investments in the technology sector are happening not only in Europe and the US, but early results are beginning to show. However, the impact on employment has not yet become apparent. Lagarde stated, “Current literature indicates that large-scale investments are bringing some productivity improvements. But we have not yet seen the expected changes in the labor market, nor large-scale layoffs. We will continue to monitor this closely in the future.” (Jin10)

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