untitled design

ECB: France should avoid recession, French banks are solid – Villeroy de Galhau

France should avoid recession“, declared on Monday the member of the Governing Council of the European Central Bank (ECB) and president of the Bank of France, Francois Villeroy de Galhau, who added that the “French banks are solid“.

The regulation of French and European banks is better than that of the United StatesVilleroy added.

Additional comments

French banks have strong liquidity and capital.

It reaffirms the ECB’s determination to reduce inflation.

French banks are not concerned with the banking problems that we have seen in the US and Switzerland.

We are vigilant in the face of inflation in food prices and the energy sector.

We cannot allow inflation to settle in the system.

I would expect that, for the month of June, agricultural prices will come down.

Celebrate UBS’s purchase of Credit Suisse.

Source: Fx Street

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular