PARIS, March 11 (Reuters) – Inflation in France is expected to remain low even as the current war in Iran may lead to slightly higher prices and lower growth globally, Bank of France governor Francois Villeroy de Galhau said on Wednesday.
“The meaning of this crisis is unfortunately becoming clearer with each passing day. Economically, it means a little more inflation and a little less growth,” Villeroy said in an interview with French radio station RTL.
“Inflation in France will remain low. I sometimes read the word stagflation… This is not stagflation, because this is not a stagnation of economic activity. We are going to maintain growth,” he added.
(Reporting by Gianluca Lo Nostro; Editing by Makini Brice)
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