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

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Banque de France

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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2 Photo officelle Workshop Afr Avril 2025

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EU funded Regional Initiative to support African Central Banks 5th of May 2025

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Europe

Ten years of bank stress tests in Europe and the United States 29th of April 2025

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The proportion of female business leaders is gradually increasing in France 7th of March 2025

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Basel III: what degree of constraint on banks' credit supply?

Eco Notepad 25th of April 2025

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ABC de l’économie

Discover the International Banking and Finance Institute

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Banque de France Annual Report 2023

Report 24th of July 2024

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3-minute guide to monetary strategy

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

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François Villeroy de Galhau – Interventions

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12th of May 2025

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Fighting money laundering and financing of terrorism

Seminar

IBFI

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13th of May 2025

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The 3rd Paris Conference on the Macroeconomics of Expectations

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Banque de France

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14th of May 2025

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Macroeconomic Materiality of Nature: A Case Study on Agriculture

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Banque de France

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