Monetary Strategy

The Banque de France operates at the heart of the Eurosystem, using its economists and market specialists to prepare and implement monetary policy. Its goal is to maintain the flow of financing to the economy and to keep prices stable. As guardian of the currency, the Banque de France also preserves confidence in the euro in all its forms. It is the leading printer of euro banknotes and is responsible for the circulation and monitoring of physical cash.

stock exchange room

Preserving a major public asset – a stable currency

The Banque de France takes part in ECB Governing Council meetings where it helps to formulate and decide on euro area monetary policy. It then ensures that this policy is deployed in France on the Eurosystem’s behalf. It also produces statistics, analyses and forecasts to inform economic agents.

Maintaining confidence in the currency in all its forms

The Banque de France guarantees that physical cash (banknotes and coins) circulates effectively and is always of good quality. It ensures it remains a secure means of payment, accessible to all, in accordance with the dual principles of neutrality and trust. It strives to keep all payment instruments secure and to encourage innovation. It also makes sure that central bank money remains an anchor for payment systems.

Consolidating its role as the central bank for markets

The Banque de France holds and manages France’s foreign exchange reserves. It monitors capital markets and ensures they operate smoothly, helping to keep the Paris financial centre secure and competitive.