Banque de France
BDFPaper
Sectoral communication faces credibility challenge for central banks
A new Banque de France working paper explores central bank communication in multi-sector economies.
Focus
BDFPaper
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.
BDFNews
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.
Latest
BDFPaper
Nature risks pose stagflation threat to French economy
A Banque de France working paper explores the macroeconomic implications of nature-related risks for France.
BDFPaper
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.
BDFDecoder
Middle East conflict raises short-term inflation expectations
Business leaders in France revised their short-term inflation expectations upwards following the outbreak of the Middle East conflict on February 28, 2026.
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BDFSpeech
Villeroy de Galhau: Central banks must be humble, nimble, independent
François Villeroy de Galhau, the departing head of the Banque de France, reflects on a decade of central banking challenges.
BDFPaper
Inflation controlled, financial system resilient in 2025
The Banque de France's 2025 annual report highlights successful inflation control and a resilient financial system.
BDFSpeech
Villeroy de Galhau outlines decade of supervision lessons
François Villeroy de Galhau, Governor of the Banque de France, presented the ACPR Annual Report for the final time.
BDFPaper
Gas price shock accelerates European industrial shift
The 2022 gas price shock significantly impacted European industry, accelerating a pre-existing restructuring towards less energy-intensive sectors.
BDFSpeech
Villeroy de Galhau: French economy needs long-term reforms
Banque de France Governor François Villeroy de Galhau submitted a letter to the President of the Republic in May 2026.
BDFPaper
BdF updates FR-BDF model, simplifies forecasting with FR-BMEs
The Banque de France has updated its Basic Model Elasticities (BMEs) for the FR-BDF macroeconomic model and introduced FR-BMEs, a simplified forecasting platform.