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Bank of France

French and Swiss central banks to trial wholesale digital currencies
Business & Finance

French and Swiss central banks to trial wholesale digital currencies

  • The experiment will focus on the bank-to-bank 'wholesale' lending market rather than everyday public transactions but will be the first time a digital euro and Swiss franc have been fully tested.
  • The eurozone is adapting to a "strong trend" towards the digitalisation of payments," said Bank of France Deputy Governor Sylvie Goulard.
Published 10 Jun, 2021 05:58pm
Short new lockdown shouldn't affect French growth forecast: Villeroy
World

Short new lockdown shouldn't affect French growth forecast: Villeroy

  • President Emmanuel Macron on Wednesday ordered France into its third national lockdown and said schools would close for three weeks as he sought to push back a third wave of COVID-19 infections that threatens to overwhelm hospitals.
  • The French central bank said last month that the euro zone's second-biggest economy was set to grow 5.5% this year.
Published 01 Apr, 2021 07:21pm