· François Villeroy de Galhau Wiki · Banque de France WikiOvercoming current challenges in public services
Read full speech on bis.org ↗ContextSpeech in Paris at a conference titled Central banks as political players; the Banque de France keeps prices stable and must defend its independence while serving the public.
Why it mattersThe French governor criticises public action that announces plans without implementing them.
Problems raised
- Public services face a crisis.
- Announcements often lack action.
- Plans are contradictory.
Solutions proposed
- Prioritise and implement plans effectively.
- Rely on the Banque de France's recognised independence.
- Use levers to restore government action.