June 28 (Cointime) - Central bank leaders including Federal Reserve Chair Jerome Powell, Bank of England Governor Andrew Bailey, ECB President Christine Lagarde and Bank of Japan Governor Kazuo Ueda defended their current monetary policy strategies at the European Central Bank policy forum in Portugal.

During the live-streamed discussion, Powell stated that additional rate hikes in the US are still possible depending on the labor market and inflation. The leaders agreed that monitoring inflation remains a priority and that there is a risk of a recession, although the probability of one is unlikely.

Lagarde expressed optimism about the ECB's approach to digital currencies and the publication of the legislative draft for the European Digital for the digital Euro.