Overview
- The governor said inflation in France will remain low and dismissed talk of stagflation.
- He judged an ECB policy-rate hike unnecessary at this stage, with the Governing Council meeting next week.
- He cited oil prices as "incredibly volatile" over the past ten days, complicating the outlook.
- He stressed that the economic impact depends on how long the conflict between Iran, Israel and the United States lasts.
- The central bank projected about 1% growth for 2026 in February and will publish updated forecasts on March 25.