Economy: inflation should peak “by June” before “starting to decrease”, says Governor of Banque de France

Thursday, February 9, François Villeroy de Galhau, Governor of the Banque de France, is the guest of “4 Vérités” on France 2. First of all, he comes back to inflation, while his rate a reached 6% in January over one year, according to an initial estimate by INSEE. “We should see the peak of this inflation in the semester, and inflation will start to decrease in France from mid-year”indicates François Villeroy de Galhau, who estimates that the peak of inflation should arrive “by June” And “maybe even before”.

Average growth estimated at 0.3% for 2023

“We will bring inflation back to around 2% by the end of next year or the beginning of 2025”continues François Villeroy de Galhau. 2%, “this is the definition we give of price stability”specifies the Governor of the Banque de France. François Villeroy de Galhau excludes at this stage a recession in 2023, “except of course [en cas de] new major world event”. For the whole year, “We expect weakly positive growth, averaging 0.3%, but there is obviously uncertainty”also indicates the Governor of the Banque de France.