Interest Rate in France

France Interest Rate | Economic News & Forecasts

France - Interest Rate

A third estimate confirmed that quarter-on-quarter economic growth in the fourth quarter of 2017 picked up steam compared to the preceding quarter. High business confidence and cheap credit supported growth in fixed investment, while strong overseas demand buoyed the external sector. The latest data, however, suggests that activity cooled slightly in Q1 of this year. Month-on-month industrial production plummeted in January, and consumer and business confidence have weakened since January. Declines in survey-based data could partly reflect growing apprehension over the reform agenda of President Macron’s administration. The president has vowed not to back down in his attempt to reform the highly indebted state-run train operator and the public service, which would collectively result in the downsizing of 120,000 state employees. Labor unions, in turn, have organized massive nationwide strikes from March until June. The stakes are high for the president, since failing to push through these changes would dent his political capital and likely limit the scope of future reforms.

France - Interest Rate Data

2012  2013  2014  2015  2016  
Policy Interest Rate (%)0.75  0.25  -     -     -     

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France Interest Rate Chart


Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

France Facts

ValueChangeDate
Bond Yield0.820.46 %Apr 19
Bond Yield0.820.46 %Apr 19
Exchange Rate1.240.65 %Apr 19
Exchange Rate1.240.65 %Apr 19
Stock Market5,392-0.29 %Apr 19
Stock Market5,392-0.29 %Apr 19

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