French Interest Rates Cut, Inflation Curbed
<i> Reuters</i>
PARIS —
France cut its official interest rates today for the second time in a month, providing fresh evidence of the improved health of the economy.
The Bank of France said it is reducing its leading interest rates by a quarter of a percentage point to 9.5% because inflation is in check, France’s trade deficit is shrinking and the French franc is strong on world currency markets.
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