Banque de France
BDF
Paper
US consumption fueled by stock valuations, creating vulnerability
US consumption showed unexpected resilience in 2025, partly driven by rising financial asset prices.
Focus
BDF
Paper
New taxonomy reveals shifting safe-haven properties of US Treasuries
The Banque de France paper proposes a new empirical taxonomy of safe assets based on their safe-haven behavior during global risk aversion.
BDF
Data
French activity slows in May, Q2 GDP stable
According to the Banque de France's monthly survey, business activity in France slowed sharply in May across manufacturing, services, and construction.
Latest
BDF
Paper
French financial stability faces inflation, sovereign debt risks
The Banque de France's June 2026 Financial Stability Report highlights new risks to the French financial system from the war in Iran.
BDF
Speech
Moulin: French growth cut, inflation up amid persistent energy shock
Banque de France Governor Emmanuel Moulin updated the country's economic forecasts, cutting 2026 growth to 0.5 percent and raising inflation to 2.5 percent.
BDF
Paper
Chronic, acute heat reduce French SME loan growth
A Banque de France working paper finds that both chronic temperature increases and acute heat days significantly reduce loan growth to French micro and SME firms.
More Topics
BDF
Paper
French growth outlook cut, inflation forecast raised
The Banque de France has published its June 2026 macroeconomic projections for France, revising down GDP growth to 0.5 percent and raising headline inflation to 2.5 percent for the year.
BDF
Paper
Sectoral communication faces credibility challenge for central banks
A new Banque de France working paper explores central bank communication in multi-sector economies.
BDF
Paper
French firms lag euro area in AI adoption, gap to widen
A Banque de France study finds French firms report significantly lower AI adoption than their euro-area peers.
BDF
Press
French business activity slows, prices rise in May
French business activity slowed more moderately in April across industry and construction, remaining stable in services, according to the Banque de France's latest monthly survey.
BDF
Paper
Nature risks pose stagflation threat to French economy
A Banque de France working paper explores the macroeconomic implications of nature-related risks for France.
BDF
Paper
Floods reduce firm survival, sales; drive relocation
A Banque de France working paper finds that floods significantly reduce firm survival and sales by up to 8 percent over five years.