French Interest Rates Cut, Inflation Curbed
- Share via
<i> Reuters</i>
PARIS — France cut its official interest rates today for the second time in a month, providing fresh evidence of the improved health of the economy.
The Bank of France said it is reducing its leading interest rates by a quarter of a percentage point to 9.5% because inflation is in check, France’s trade deficit is shrinking and the French franc is strong on world currency markets.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
