Bank of France Outlook

PARIS (Reuters) – Bank of France head and European Central Bank (ECB) member Francois Villeroy de Galhau expressed on Wednesday that he expects inflation in France to stay moderate. He also anticipates further rate cuts by the ECB.

Villeroy shared his insights during an interview on France Inter radio, predicting that the French unemployment rate might rise to around 8% before declining back to 7%.

Additionally, the Bank of France released its latest monthly outlook on Tuesday, indicating that France's economic growth is expected to stagnate in the last quarter of the year.