The guest of Radio Classique was the Governor of the French Central Bank, François Villeroy de Galhau. And in the following months he sent a rather positive message.
A few positive signs are slowly emerging on the real estate rate front. With the usury rate rising less than in previous months, following the announcement of a regional bank cutting its rates, it is the turn of François Villeroy de Galhau to instill a small glimmer of hope. The governor of the Bank of France responded this Thursday, November 9, to Radio Classique, who asked him what he has to say to buyers who cannot find loans and sellers who are afraid to sell and lose their savings.
The governor appealed : “Inflation is a disease and our fellow citizens feel it very much. The cure is interest rates. It is a medicine that is not pleasant but it is effective and that anchors our commitment to return inflation back to 2%.
But above all, François Villeroy de Galhau added: “Our interest rates, if there are no surprises, if there are no external shocks, will no longer rise. This is the clear position of the ECB.” But be careful, interest rates will not go up, but they won’t go down. “It’s too early to talk about a cut today, but the day of the cut will come when, in particular, everyone will be convinced that inflation will return to around 2 percent.”