PARIS (Reuters) – Inflation should fall to 2% by 2025, Bank of France Governor François Villeroy de Galhau said on France 2 on Thursday.
“Inflation should fall below 3% within a few months (…), before the middle of 2024, and inflation will return to 2% by 2025. (…) This is the commitment we are making,” he said.
Speaking the day after the publication of the monthly economic survey of the Banque de France, François Villeroy de Galhau reaffirmed a growth forecast of 0.9% for the year 2024, referring to “slowed growth”.
“A year ago, there was a lot of fear of recession, France will not have a recession,” he said.
(Writing by Nicolas Delame, edited by Kate Entringer)
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