Banque de France
Poverty regulation effectiveness varies by government level in Spain
A Banque de France working paper analyzes the effectiveness of poverty-related regulations implemented in Spain between 2007 and 2021.
Focus
France sees wage growth normalize to 1.6 percent in 2026
Wage negotiations in France for 2026 indicate a normalized rate of wage growth, with industry-level wage floors rising by 1 percent and company-level base wages by 1.6 percent.
Villeroy de Galhau urges Europe to accelerate integration and innovation
Banque de France Governor François Villeroy de Galhau warned that Europe has little time left to accelerate its economic integration and innovation.
Latest
US monetary tightening drives capital inflows through investor repatriation, not foreign Treasury demand
A Banque de France working paper challenges the view that US monetary tightening primarily attracts foreign capital via US Treasuries.
Villeroy de Galhau outlines monetary policy path amid global uncertainty
Banque de France Governor François Villeroy de Galhau discussed the challenges of steering monetary policy in an uncertain global environment.
Military buildup requires fiscal adjustments, impacting consumption and inequality
A Banque de France working paper analyzes the aggregate and distributional consequences of a permanent increase in government defense spending.
More Topics
Euro area consumer prices adjusted more frequently during 2021-2024 inflation surge
A new Banque de France working paper documents that the monthly frequency of consumer price changes in the euro area rose to 12 percent in 2022 during the 2021-2024 inflation cycle.
Villeroy de Galhau: ECB vigilant on inflation amid high uncertainty
Banque de France Governor François Villeroy de Galhau affirmed the ECB's readiness to act if needed to anchor inflation expectations.
Banque de France revises growth and inflation outlook amid geopolitical uncertainty
The Banque de France published its March 2026 macroeconomic projections for France.
Monetary policy fully transmitted to short-term debt market
A Banque de France study shows that European Central Bank monetary policy decisions are fully passed through to the short-term debt market within one month.
OECD study quantifies housing supply responsiveness and policy drivers
A new OECD working paper estimates long-term elasticities of housing supply to prices in OECD countries.
Disorderly climate transition risks 6.8 percent global equity correction
A delayed and uncoordinated climate transition could trigger substantial financial market losses, with global equities facing an average 6.8 percent correction.