· François Villeroy de Galhau Wiki · Banque de France WikiHearing before the Finance Committee of the French National Assembly
Read full speech on bis.org ↗ContextHearing of François Villeroy de Galhau, Governor of the Bank of France, before the Finance Committee of the French National Assembly, Paris, 1 March 2023.
Why it mattersVilleroy explains rate rises to French lawmakers.
Problems raised
- Inflation is high and the outlook uncertain.
- The war in Ukraine continues.
- Higher rates affect firms, households and public debt.
Solutions proposed
- Bring inflation back to 2%.
- Explain monetary policy to Parliament.
- Monitor financing conditions of the economy.