Jean-Laurent Bonnafé, CEO of BNP Paribas, discusses the major economic issues of the moment.
LE FIGARO.- A year ago, the rise in interest rates was at the heart of concerns. Is it last us? Can we expect a drop?
Jean-Laurent BONNAFE.
- The ECB's mandate focuses primarily on Inflation slowed significantly in January, to 3.1% year-on-year.
The central bank is now awaiting the results of its monetary policy, mainly from the increase in its key rates.
Only once its objectives have been achieved will it lower them, more or less gradually.
The longer the ECB waits to cut rates, the bigger the bite on the economy will be.
The slowdown is already marked in Europe.
The most affected are households, and on the business side, VSEs and SMEs in certain sectors.
However, we do not see any particular signals for large companies, SMEs in more dynamic sectors and high net worth clients, who constitute the core of…
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