The momentum toward achieving the price stability target of 2 percent is maintained but is not yet sufficiently firm, and thus developments in prices continue to warrant careful attention. II. Conduct of Monetary Policy Next, I will explain the Bank’s conduct of monetary policy.
Proper economic policies and/or an adequate consensus among economic agents can in some cases be key factors in ensuring that crucial pending issues are faced in a way compatible with sustained and non-inflationary growth. Among the pending issues for the future of the French economy, the implementation and financing of the 35-hour working week is certainly an important one.