Bank of France President and European Central Bank member François Villeroy de Galhau said on Wednesday that he expects inflation to remain moderate in France and that he expects further interest rate cuts by the European Central Bank.
Villeroy told France Inter radio that he expects the unemployment rate in France to rise to about 8% before returning to 7%.
The Bank of France issued its latest monthly forecast late Tuesday, saying that economic growth in France will remain flat in the final three months of the year.
