Banque de France
BDFPaper
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.
Focus
BDFData
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.
BDFSpeech
Villeroy de Galhau urges transparency for private market stability
Banque de France Governor François Villeroy de Galhau outlined three conditions for the healthy development of private markets at the Bloomberg Forum on March 12, 2026.
Latest
BDFDecoder
New method guides monetary policy amid economic uncertainty
The Banque de France proposes a statistical method to weigh multiple economic scenarios, rather than relying on a single forecast, to inform monetary policy decisions.
BDFDecoder
New climate indicator helps companies align with Paris Agreement
The Banque de France is rolling out a free climate indicator to help companies assess their greenhouse gas emissions trajectory and climate risk exposure.
BDFPaper
EU regions exhibit substantial heterogeneity in income smoothing capacity
A Banque de France working paper finds that EU households smooth approximately 30 percent of wage shocks, with significant regional variations.
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BDFPaper
Global economic cycles show price-quantity decoupling over 70 years
A new 70-year dataset reveals that global economic synchronisation primarily affects asset prices, while real economy variables like GDP and credit remain largely decoupled.
BDFDecoder
Professional forecasters maintain high uncertainty for inflation and growth
Professional forecasters in the euro area expect inflation to be close to the 2 percent target in 2026.
BDFPaper
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.
BDFNews
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.
BDFDecoder
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.
BDFSpeech
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.