PARIS (MNI) – Financing conditions in France are very favorable,
but interest rates will not remain at historical lows forever, European
Central Bank Governing Council member Christian Noyer said Friday.
Lending rates in France are “particularly low” thanks to the narrow
margins of banks, the governor of the Bank of France told reporters at a
press conference on lending conditions here.
The ECB has held its rates low and assured — “thanks to our
various interventions” — that low levels are passed on to all market
sectors, Noyer reminded.
“We are at such low levels that you can well imagine that this
won’t remain so eternally,” he said. “But it facilitates the relaunch of
the economy [and] the acceleration of growth in very good conditions.”
–Paris newsroom +331 4271 5540; stephen@marketnews.com
[TOPICS: M$$EC$,MGX$$$,M$$CR$,M$F$$$,M$X$$$]
