Bank of France Governor Emmanuel Moulin said that after an unexpected contraction in economic activity in the third quarter, the Bank of France may have to lower its forecast for economic growth in 2026. The current forecast is for the economy to grow by 0.4% this year. To reach this level, we must achieve very strong growth in the fourth quarter. “Unfortunately, I think this is a bit too optimistic,” Moulin said at the Jeco conference in Lyon, France. “We definitely have to make some minor adjustments, slightly lower.” The Bank of France is scheduled to update its macroeconomic forecast in December. The time is after the ECB's next interest rate meeting. The market generally expects to raise interest rates for the third time since the outbreak of the Iran war.

Bank of France Governor Emmanuel Moulin said that after an unexpected contraction in economic activity in the third quarter, the Bank of France may have to lower its forecast for economic growth in 2026. The current forecast is for the economy to grow by 0.4% this year. To reach this level, we must achieve very strong growth in the fourth quarter. “Unfortunately, I think this is a bit too optimistic,” Moulin said at the Jeco conference in Lyon, France. “We definitely have to make some minor adjustments, slightly lower.” The Bank of France is scheduled to update its macroeconomic forecast in December. The time is after the ECB's next interest rate meeting. The market generally expects to raise interest rates for the third time since the outbreak of the Iran war.