Central banks and the liberation of European growth

News Financial services Statements & Speeches

Date: 22nd Nov, 2024 Source: Bank of France Country: France Original Source

Brief

"On November 22, 2024, François Villeroy de Galhau, Governor of the Bank of France, spoke at the European Banking Congress in Frankfurt. He emphasized that Europe faces a growth problem, with slower GDP per capita growth compared to the US since 1999." continue the summary "The French central bank chief highlighted three misconceptions: (1) banks' focus on inflation stability doesn't hinder growth, (2) fiscal consolidation is necessary, and (3) central banks should only discuss monetary policy."

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