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Banque de France

Letter to the President of the Republic: From stupefaction to a general mobilisation, how to respond to America’s policy shift

By François Villeroy de Galhau, Governor of the Banque de France

This 2025 Letter is published at a time of exceptionally strong uncertainty, and a technical update was carried out (section 1.2) on the evening of 10 April to reflect the changes announced by Mr Trump on the evening of 9 April.

9th of April 2025
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Banque de France Bulletin

Cash

French people still value cash, despite using it less and increasingly turning to cards and mobile payments 25th of February 2025
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Speech

Economy

A European approach to simplification: avoiding three misconceptions, and suggesting concrete milestones 11th of April 2025
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Macroeconomic projections

Economic conditions

Macroeconomic interim projections – March 2025 12th of March 2025
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At your service | Businesses

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Design and manufacture of banknote paper and banknotes

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Eco Notepad 18th of April 2025

Intelligence artificielle

AI and the growth of data centres: challenges for the copper market

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ABC de l’économie

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At your service | Banque de France

Central bank

Discover the International Banking and Finance Institute

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Report 24th of July 2024

Banque de France

Banque de France Annual Report 2023

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Monetary strategy

Monetary strategy

3-minute guide to monetary strategy

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Climate change

What is the Banque de France doing to combat global warming?

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Focus

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Banknotes

The Banque de France is a key player in the cash industry and works with its customers to modernise the sector

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Climate

The Bank supports and adds to collective initiatives to combat global warming

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Research, economists and researchers

Speeches by the Governor

François Villeroy de Galhau – Interventions

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Upcoming events

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19th of June 2025

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Seminar

IBFI

Webinar on CBDC (Central Bank Digital Currency) Retail component
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23rd of April 2025

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Seminar

Central bank

Skewed Dynamic Linear Models With Markov-switching: Measuring and Forecasting Macroeconomic Risks
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28th of April 2025

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Seminar

Banque de France

The Macroeconomic Implications of Carbon Pricing Announcements: Evidence from the EU ETS
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