Published by Global Banking & Finance Review®
Posted on March 3, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleFrance’s central bank governor François Villeroy de Galhau stated on March 3 that France’s financial sector has limited exposure to the Middle East crisis. He highlighted the country’s low inflation and resilient growth, and cautioned against the ECB making interest rate decisions based solely on vo
PARIS, March 3 (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)
According to the Bank of France Chief, France's finance industry has little exposure to the Middle East crisis.
He stated that the French economy has low inflation and resilient economic growth.
The Bank of France Chief believes decisions should not be based solely on instantaneous energy price changes.
Francois Villeroy de Galhau, the French central bank governor, provided this information.
Explore more articles in the Finance category
