• But inflation will stay high until the end of 2022
• Inflation should go down in 2023
• French economic fundamentals are solid

He’s speaking after the Q2 GDP and July CPI data earlier today. The former was a welcome comfort for the French economy, although the details are less rosy with domestic demand stagnating and household consumption actually shrinking during the quarter. Meanwhile, the latter reaffirmed another record inflation reading for France – so not exactly the peak just yet.

This article was written by Justin Low at www.forexlive.com.