Banque de France
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.
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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.
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.
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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.
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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.
Monetary policy operations drive euro area TARGET balance fluctuations
A Banque de France article quantifies the impact of monetary policy operations on euro area TARGET balances since the euro's introduction.
Four factors explain France's persistently high saving ratio
A Banque de France research bulletin identifies four key factors contributing to France's historically high saving ratio since the end of the pandemic.
French business activity stable in February, Q1 GDP forecast 0.2-0.3 percent amid rising geopolitical uncertainty
The Banque de France's Monthly Business Survey reports stable economic activity in February, with a Q1 GDP growth forecast of 0.2-0.3 percent.
Investment funds' liquidity tools effective in normal times, need calibration for stress
A CSSF working paper assesses liquidity management tools (LMTs) used by Luxembourg-domiciled open-ended funds.