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French Parliament approves Macron's pick to run Bank of France - Finance news and analysis from Global Banking & Finance Review
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French Parliament approves Macron's pick to run Bank of France

Published by Global Banking & Finance Review

Posted on May 20, 2026

1 min read

· Last updated: May 20, 2026

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Emmanuel Moulin Confirmed as New Bank of France Governor by Parliament

Parliamentary Approval and Political Context

Appointment of Emmanuel Moulin

PARIS, May 20 (Reuters) - Emmanuel Moulin, President Macron's pick to head the Bank of France, garnered enough votes in parliament on Wednesday to be approved as the incoming governor for that central bank.

Concerns Over Independence

Though Moulin has sterling credentials as an economic policymaker, he had faced questions about his independence from Emmanuel Macron due to his last job as Macron's chief of staff.

Political Criticism and Macron's Strategy

Macron's rivals had accused him of installing loyalists in a bid to ensure his legacy and hedge against a possible win by the far-right National Rally in next year's presidential vote.

(Reporting by Leigh Thomas, Elizabeth Pineau, Dominique Vidalon and Sudip Kar-Gupta; Editing by Makini Brice)

Key Takeaways

  • Emmanuel Moulin’s confirmation secures his role as governor of the Bank of France, where he’ll also sit on the ECB Governing Council (lemonde.fr)
  • Critics—including socialists and far‑left to the RN—voted against citing doubts over his independence due to his close ties to Macron, though key center‑right support tipped the balance (leparisien.fr)
  • Moulin affirmed in parliamentary hearings on May 20 that he would operate decisively and impartially, emphasizing his commitment to both public interest and central bank autonomy (publicsenat.fr)

References

Frequently Asked Questions

Who was approved as the new Bank of France governor?
Emmanuel Moulin was approved by the French Parliament as the new governor of the Bank of France.
Why was Emmanuel Moulin's independence questioned?
Moulin's independence was questioned due to his previous position as Macron's chief of staff.
What criticism did Macron face regarding this appointment?
Macron was accused by rivals of appointing loyalists to secure his legacy and prepare for a possible far-right victory.
When was Emmanuel Moulin approved by Parliament?
Emmanuel Moulin was approved on Wednesday, May 20.
Who reported on Macron's appointment of Emmanuel Moulin?
The appointment was reported by Leigh Thomas, Elizabeth Pineau, Dominique Vidalon, and Sudip Kar-Gupta.

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