The Bank of France trimmed its forecasts for inflation this year and next as it continues to predict it will ease to the European Central Bank’s 2% target by early 2025.
The pace of price increases in the euro area’s second-largest economy will slow to 2.5% on average in 2024 and 1.8% in 2025 after 5.7% this year, the institution said. Its previous forecasts in September were 0.1 percentage points higher for both 2023 and 2024.
Read More : Central Bank Predicts French Inflation to Decelerate to 1.8% in 2025