Banque de France
Surveys reveal inflation and growth tail risks, stagflation reemerges
A Banque de France working paper evaluates inflation and growth risks using probabilistic responses from professional forecasters' surveys.
Focus
French business activity strengthens in January, GDP growth projected for Q1
Activity across French industry, market services, and construction strengthened in January, surpassing business leaders' forecasts.
Scaling Europe's venture capital crucial for deeper equity markets
A new ECB Occasional Paper assesses the benefits of equity markets and identifies a significant listing gap between the EU and the US.
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French citizens increasingly adopt innovative payment methods in 2024
The use of innovative payment methods like instant credit transfers and mobile payments became firmly established in France during 2024. Card payments remain the preferred cashless option, successfully integrating innovations to meet new user needs.
Villeroy de Galhau reflects on Banque de France tenure and future challenges
François Villeroy de Galhau, Governor of the Banque de France, announced his departure in June 2026 to lead the Apprentis d'Auteuil foundation.
Tariffs trigger economic contraction and inflation, monetary policy reacts
A Banque de France study empirically estimates the macroeconomic effects of U.S. import tariff shocks between 1990 and 2024. It finds that tariff shocks are contractionary, inflationary, and partially accommodated by monetary policy.
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FIR calls for enhanced climate and social criteria in SRI label reform
The Forum for Responsible Investment (FIR) has urged a significant strengthening of the Socially Responsible Investment (SRI) label.
Market rates enhance accuracy of bank lending rate forecasts
A Banque de France study presents an effective method for forecasting new lending rates for households and businesses in France and the euro area.
ESRB navigates new financial stability challenges after 15 years
The European Systemic Risk Board (ESRB) marks its fifteenth anniversary, reflecting on its mission to prevent and mitigate systemic risk across the European financial system.
Novel data reveals education's impact on household investment risk and returns
A new Banque de France working paper introduces a novel dataset combining security holdings and household finance data.
Carry trades exposed to significant exchange rate volatility
A Banque de France analysis highlights how currency carry trades, while seeking to profit from interest rate differentials, are heavily exposed to exchange rate volatility.
European ESG funds resilient despite market and regulatory headwinds
European ESG funds recorded resilient performance between Q1 2023 and Q3 2025, despite increased volatility and a less favourable environment.