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Hearing before the Finance Committee of the French National Assembly

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, public finances and debt, trade, fragmentation and geopolitics

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· François Villeroy de Galhau Wiki · Banque de France WikiHearing before the Finance Committee of the French National Assembly

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
  1. Inflation is high and the outlook uncertain.
  2. The war in Ukraine continues.
  3. Higher rates affect firms, households and public debt.
Solutions proposed
  1. Bring inflation back to 2%.
  2. Explain monetary policy to Parliament.
  3. Monitor financing conditions of the economy.
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