In brief: The Banque de France accepts its losses

The latest annual report of the Bank of France Just published. And with him, the French financial institution formalizes its first losses for these activities in about 20 years. It nevertheless justifies the quality of its action and its ambition to fulfil its three main tasks in the pursuit of monetary strategy, the continuity of financial stability and the maintenance of services to the economy and society.

The Bank of France therefore lost EUR 7.7 billion in its 2024 financial year. But François Villeroy de Galhau, his governor, underlines the legitimacy of these losses directly due to the monetary policy led by the European Central Bank and linked to the rise in rates.

These losses will be charged against future profits made by the Central Bank and represent a bearable amount.

A cyclical echo

This announcement by the Bank of France comes just after the announcement by Officialization significant losses recorded by the ECB for the year 2024. If it continues its work on the deployment It has also been affected by its policy of raising rates to maintain price stability.

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