France’s financial sector remains largely insulated from the Middle East crisis, with the economy showing stable growth and low inflation, says Bank of France governor.
France little exposed to Middle East crisis, Bank of France Chief says
France’s financial sector remains largely insulated from the Middle East crisis, with the economy showing stable growth and low inflation, says Bank of France governor.
March 3, 2026
Reuters
FILE PHOTO: Francois Villeroy de Galhau, Governor of Banque de France, speaking in Paris, France, April 9, 2025.
Abdool Saboor/Reuters
French central bank governor Francois Villeroy de Galhau said on Tuesday France's finance industry has a little exposure to the Middle East crisis.
The French economy has a rather low inflation and resilient economic growth, Villeroy told reporters on Tuesday.
He added it would be a mistake for the European Central Bank to make an interest rate decision based only on energy price swings.
"It would be a mistake to hastily predict a possible movement in interest rates today, and I remind you that we do not make decisions solely based on instantaneous energy prices," he said.
-Reporting by Inti Landauro, Editing by Dominique Vidalon/Reuters
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