François Villeroy de Galhau resigns as Governor of the Bank of France effective June 2026, paving the way for President Macron to appoint his successor before the 2027 elections.
France adopts a challenging 2026 budget with difficult concessions while President Macron criticizes the ECB's restrictive monetary policy for impeding economic growth.
2026 faces pivotal political questions and debates over government involvement in monetary policy amid Trump's influence and Federal Reserve scrutiny.
France's Livret A interest rate will decrease to 1.5% from February 2026, impacting millions of savers and social housing financing.
The Banque de France proposes lowering the Livret A interest rate to 1.5%, effective February 2026, in response to slowing inflation, with support from the Minister of Economy.
The ECB is expected to keep interest rates at 2% on October 30, with inflation stabilizing near target and growth outlook cautiously positive for the eurozone.
The European Central Bank is closely observing France's political crisis and its economic implications.