Bank of France Recommends Cutting Regulated Savings Rate to 1.7%
The return on so-called Livret A and LDDS accounts should be lowered next month to 1.7% from 2.4%, Bank of France Governor Francois Villeroy de Galhau said in a statement on Wednesday.
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Bloomberg
4 days ago
- Bloomberg
Bank of France Recommends Cutting Regulated Savings Rate to 1.7%
France is set to cut the rate on its popular regulated savings products, following a recommendation from the central bank. The return on so-called Livret A and LDDS accounts should be lowered next month to 1.7% from 2.4%, Bank of France Governor Francois Villeroy de Galhau said in a statement on Wednesday.
Yahoo
09-07-2025
- Yahoo
Bank of France estimates Q2 French economic growth of around 0.1%
PARIS (Reuters) -The French economy grew by around 0.1% in the second quarter, the Bank of France said in its monthly economic outlook on Wednesday, adding that uncertainty over U.S. trade tariffs continued to weigh on businesses. The central bank's survey of about 8,500 companies showed a pick-up in business in the industrial and services sectors, although other areas such as the wine sector were more negatively impacted by the tariff uncertainty. "Our estimates suggest a slight rise of around 0.1% in GDP in the second quarter," the Bank of France said. Last month, Remy Cointreau abandoned its 2030 sales growth targets, while in April Pernod Ricard's sales missed forecasts, with both companies citing the unpredictability over tariffs as an issue. The Bank of France said recent spells of extremely hot weather had also impacted the bar and restaurant sectors, as the heatwave discouraged people from going out. Both the Bank of France and the country's INSEE national statistics agency have forecast overall growth of 0.6% for the whole of 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
04-07-2025
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ECB Risks 2% Undershoot If Euro Strength Persists, Villeroy Says
The European Central Bank is at greater risk of undershooting its inflation target following a sharp appreciation of the exchange rate, Governing Council member Francois Villeroy de Galhau said. Policymakers can't adopt an approach of 'benign neglect' after gains of the magnitude seen since the start of the year, the Bank of France Governor said in an interview with Bloomberg Television on the sidelines of a conference in Aix-en-Provence, France.
