The Banque de France shows a historic lack of 7.7 billion euros in 2024 | EUROtoday

Just in steadiness in 2023, the monetary outcomes of the Banque de France modified within the crimson in 2024, with a lack of 7.7 billion euros. An quantity “Who did not exist in history” From the establishment, acknowledged, Wednesday, March 19, its governor, François Villeroy de Galhau.

This degradation is absolutely defined by the evolution of financial coverage in recent times: the rise in rates of interest engaged in 2022 to fight inflation, after the invasion of Ukraine by Russia, had the impact of a speedy rise within the price of remuneration by the central financial institution of deposits of economic banks, at 3.73 % on common in 2024.

Problem: the revenues haven’t adopted. Because the massive portfolio of state and companies gathered by the establishment in earlier years stays very unmultinating. These securities, acquired over the acquisition applications of securities supposed to take care of low charges to help the financial system and stop deflation, particularly in the course of the COVVI-19 disaster, have been issued at unfavourable charges.

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