⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

Bank of France head Villeroy says he expects inflation to remain moderate in France

Published 11/13/2024, 02:35 AM
Updated 11/13/2024, 02:41 AM
© Reuters. Bank of France Governor Francois Villeroy de Galhau walks on the final day of the G7 Finance Ministers and Central Bank Governors' Meeting in Stresa, Italy May 25, 2024. REUTERS/Massimo Pinca/File Photo

PARIS (Reuters) - Bank of France head and European Central Bank (ECB) member Francois Villeroy de Galhau said on Wednesday he expected inflation to remain moderate in France and that he anticipated more rate cuts by the ECB.

© Reuters. Bank of France Governor Francois Villeroy de Galhau walks on the final day of the G7 Finance Ministers and Central Bank Governors' Meeting in Stresa, Italy May 25, 2024. REUTERS/Massimo Pinca/File Photo

Villeroy also told France Inter radio that he expected the French unemployment rate to increase to around 8% before returning to 7%.

The Bank of France issued its latest monthly outlook late on Tuesday, saying France's economic growth would flatline in the final three months of the year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.