BNP's Berard expects full impact of higher rates in '24 or '25

The video discusses the impact of pension reform protests on France's image as a business hub, asserting that France remains attractive to foreign investors. It examines the European Central Bank's interest rate hikes and their effects on the real economy, noting that inflation in France has peaked. The video also explores the ECB's focus on curbing inflation across Europe and BNP Paribas's investment strategy, emphasizing organic growth and selective tech investments.

How has France maintained its attractiveness for foreign investors despite recent protests?

• By offering tax incentives

• By being the most attractive country in Europe for foreign investments

• By increasing government spending

• By reducing interest rates

What is one reason why inflation is less of a concern for retail clients in France?

• They have variable interest rates

• They have fixed interest rates

• They have low savings

• They have high unemployment rates

When is France expected to experience the full impact of higher interest rates?

• 2024 and 2025

• 2023 and 2024

• 2025 and 2026

• 2022 and 2023

What is the ECB's primary focus in its monetary policy across Europe?

• Boosting exports

• Increasing employment

• Curbing inflation

• Reducing taxes

What is a potential short-term benefit of a mild recession in some European countries?

• Decreased foreign investments

• Better long-term economic stability

• Increased inflation

• Higher unemployment

What is BNP Paribas's approach to expanding its services?

• Increasing interest rates

• Reducing service offerings

• Selective investments in tech and new businesses

• Aggressive marketing

How does BNP Paribas plan to use its €7.6 billion?

• To acquire new banks

• To increase employee salaries

• To reduce customer fees

• To invest in organic growth and tech businesses