Summer eurozone rate decision; last meeting before the September staff projection round.
Upcoming
27 key official events aheadFlash estimate of second-quarter French GDP growth; first reading of the spring-summer growth trajectory under the minority government's fiscal stance.
Provisional consumer price index for July 2026. (provisional date — follows INSEE's end-of-month flash cadence)
Final consumer price index for July 2026. (provisional date — follows INSEE's mid-month final cadence)
Quarterly ILO (BIT) unemployment rate for Q2 2026; the Q1 read hit 8.1%, a five-year high, so labour-market direction is closely watched. (provisional date — follows INSEE's quarterly cadence)
Detailed national accounts for Q2 2026, including household purchasing power and the corporate profit margin.
Provisional consumer price index for August 2026. (provisional date — follows INSEE's end-of-month flash cadence)
Rate decision accompanied by the September round of ECB staff macroeconomic projections; meeting held at the Deutsche Bundesbank.
Final consumer price index for August 2026. (provisional date — follows INSEE's mid-month final cadence)
Series 2 renewal: 178 of the Senate's seats across 63 departments are contested by indirect suffrage. Outcome shapes the upper chamber's balance during the budget season and ahead of the 2027 presidential race.
Provisional consumer price index for September 2026. (provisional date — follows INSEE's end-of-month flash cadence)
Constitutionally fixed start of the ordinary parliamentary session (runs to 30 June 2027), opening the autumn budget cycle for a minority government.
Tabling of the 2027 finance bill (Projet de Loi de Finances) before its first Assemblée reading; a central test of the government's ability to pass a budget without a majority. (provisional date — PLF 2026 was presented 14 Oct 2025)
Autumn eurozone rate decision ahead of the December projection meeting.
Flash estimate of third-quarter French GDP growth. (provisional date — follows INSEE's end-of-month flash cadence)
Provisional consumer price index for October 2026. (provisional date — follows INSEE's end-of-month flash cadence)
Quarterly ILO (BIT) unemployment rate for Q3 2026. (provisional date — follows INSEE's quarterly cadence)
Provisional consumer price index for November 2026. (provisional date — follows INSEE's end-of-month flash cadence)
Likely period for the decisive budget vote and any no-confidence motion, given the constitutional 70-day limit on the finance bill. The government may invoke Article 49.3. (provisional window — exact dates depend on the legislative timetable)
Final eurozone rate decision of 2026 with the December staff projections; sets the tone for the 2027 rate path.
Mid-January release confirming December and full-year 2026 inflation. (provisional date — follows INSEE's mid-month cadence)
Flash estimate of fourth-quarter and full-year 2026 French GDP growth. (provisional date — follows INSEE's end-of-month cadence)
Quarterly ILO (BIT) unemployment rate for Q4 2026; the year-end labour-market read. (provisional date — follows INSEE's quarterly cadence)
First eurozone rate decision of 2027 with the March staff projections.
First round of the 2027 presidential election. Constitutionally the vote must fall between 11 April and 2 May 2027; the runoff follows two weeks later. (provisional date — decree fixing the exact day not yet issued)
June 2027 eurozone rate decision with the quarterly staff projections.
Recent events
fr48Macron vows zero tolerance as Fontainebleau wildfire scorches over 2,000 hectares, dozens arrested
A large wildfire in the Fontainebleau forest south of Paris, initially burning 800 hectares and suspected arson, has now scorched over 2,000 hectares, becoming the third-largest recorded in northern France since 2006. President Macron visited the site, pledging 'zero tolerance' for arsonists, as authorities arrested 59 people across France, including a volunteer firefighter who admitted to starting a fire with a lighter and gasoline. Nearly 1,000 residents were evacuated, and the A6 highway remains closed. The fire is part of a record wildfire season in France, with over 32,000 hectares burned this year, surpassing the entire 2025 season.
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Macron vows zero tolerance as Fontainebleau wildfire scorches over 2,000 hectares, dozens arrested
A large wildfire in the Fontainebleau forest south of Paris, initially burning 800 hectares and suspected arson, has now scorched over 2,000 hectares, becoming the third-largest recorded in northern France since 2006. President Macron visited the site, pledging 'zero tolerance' for arsonists, as authorities arrested 59 people across France, including a volunteer firefighter who admitted to starting a fire with a lighter and gasoline. Nearly 1,000 residents were evacuated, and the A6 highway remains closed. The fire is part of a record wildfire season in France, with over 32,000 hectares burned this year, surpassing the entire 2025 season.
A large wildfire in the Fontainebleau forest south of Paris, initially burning 800 hectares and suspected arson, has now scorched over 2,000 hectares, becoming the third-largest recorded in northern France since 2006. President Macron visited the site, pledging 'zero tolerance' for arsonists, as authorities arrested 59 people across France, including a volunteer firefighter who admitted to starting a fire with a lighter and gasoline. Nearly 1,000 residents were evacuated, and the A6 highway remains closed. The fire is part of a record wildfire season in France, with over 32,000 hectares burned this year, surpassing the entire 2025 season.
fr46France Adopts Assisted Dying Law; Former Minister Urges Swift Implementation
The French Parliament has definitively adopted a law creating a right to assisted dying for patients with severe illnesses under strict conditions. Former Health Minister Agnès Firmin-Le Bodo welcomed the move but criticized Prime Minister Sébastien Lecornu's referral of the law to the Constitutional Council, expressing confidence it will be upheld. The law will not enter application before early 2027.
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France Adopts Assisted Dying Law; Former Minister Urges Swift Implementation
The French Parliament has definitively adopted a law creating a right to assisted dying for patients with severe illnesses under strict conditions. Former Health Minister Agnès Firmin-Le Bodo welcomed the move but criticized Prime Minister Sébastien Lecornu's referral of the law to the Constitutional Council, expressing confidence it will be upheld. The law will not enter application before early 2027.
The French Parliament has definitively adopted a law creating a right to assisted dying for patients with severe illnesses under strict conditions. Former Health Minister Agnès Firmin-Le Bodo welcomed the move but criticized Prime Minister Sébastien Lecornu's referral of the law to the Constitutional Council, expressing confidence it will be upheld. The law will not enter application before early 2027.
fr45Elon Musk endorses Marine Le Pen, sparking foreign interference accusations in France
Billionaire Elon Musk publicly endorsed French far-right presidential candidate Marine Le Pen as 'the last hope of France' on his social media platform X. French Foreign Minister Jean-Noël Barrot and other politicians condemned the statement as foreign interference in the 2027 French presidential election. The National Rally party distanced itself from the endorsement, stating it does not seek overseas support. Musk's post comes amid an ongoing French criminal investigation into X's algorithm for alleged foreign interference. The endorsement follows Musk's pattern of supporting European far-right movements, including Germany's AfD and Britain's Restore Britain.
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Elon Musk endorses Marine Le Pen, sparking foreign interference accusations in France
Billionaire Elon Musk publicly endorsed French far-right presidential candidate Marine Le Pen as 'the last hope of France' on his social media platform X. French Foreign Minister Jean-Noël Barrot and other politicians condemned the statement as foreign interference in the 2027 French presidential election. The National Rally party distanced itself from the endorsement, stating it does not seek overseas support. Musk's post comes amid an ongoing French criminal investigation into X's algorithm for alleged foreign interference. The endorsement follows Musk's pattern of supporting European far-right movements, including Germany's AfD and Britain's Restore Britain.
Billionaire Elon Musk publicly endorsed French far-right presidential candidate Marine Le Pen as 'the last hope of France' on his social media platform X. French Foreign Minister Jean-Noël Barrot and other politicians condemned the statement as foreign interference in the 2027 French presidential election. The National Rally party distanced itself from the endorsement, stating it does not seek overseas support. Musk's post comes amid an ongoing French criminal investigation into X's algorithm for alleged foreign interference. The endorsement follows Musk's pattern of supporting European far-right movements, including Germany's AfD and Britain's Restore Britain.
fr43French Interior Minister Defends Aerial Firefighting Fleet Amid Canadair Shortage Controversy
French Interior Minister Laurent Nuñez defended the country's aerial firefighting fleet as 'among the most effective in Europe' after opposition parties criticized the cancellation of two Canadair orders in 2024. The controversy erupted during a heatwave and wildfires, with the RN and LFI accusing the government of cutting civil security budgets. Nuñez stated the fleet includes 12 Canadair and 8 Dash aircraft, plus leased planes and helicopters, totaling about 40 units, and that the budget for the fleet has increased significantly.
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French Interior Minister Defends Aerial Firefighting Fleet Amid Canadair Shortage Controversy
French Interior Minister Laurent Nuñez defended the country's aerial firefighting fleet as 'among the most effective in Europe' after opposition parties criticized the cancellation of two Canadair orders in 2024. The controversy erupted during a heatwave and wildfires, with the RN and LFI accusing the government of cutting civil security budgets. Nuñez stated the fleet includes 12 Canadair and 8 Dash aircraft, plus leased planes and helicopters, totaling about 40 units, and that the budget for the fleet has increased significantly.
French Interior Minister Laurent Nuñez defended the country's aerial firefighting fleet as 'among the most effective in Europe' after opposition parties criticized the cancellation of two Canadair orders in 2024. The controversy erupted during a heatwave and wildfires, with the RN and LFI accusing the government of cutting civil security budgets. Nuñez stated the fleet includes 12 Canadair and 8 Dash aircraft, plus leased planes and helicopters, totaling about 40 units, and that the budget for the fleet has increased significantly.
fr41Moroccan intelligence whistleblower reveals widespread Pegasus spyware targeting
A former Moroccan DGST agent, pseudonym Safir, has provided evidence that Morocco used NSO Group's Pegasus spyware since 2017 to target journalists, human rights defenders, French politicians, and Spanish cabinet ministers including Prime Minister Pedro Sánchez. The investigation, coordinated by Forbidden Stories, reveals over 200 Spanish mobile numbers were targeted. Morocco allegedly received Pegasus as a gift from the UAE. NSO Group was blacklisted by the US in 2021.
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Moroccan intelligence whistleblower reveals widespread Pegasus spyware targeting
A former Moroccan DGST agent, pseudonym Safir, has provided evidence that Morocco used NSO Group's Pegasus spyware since 2017 to target journalists, human rights defenders, French politicians, and Spanish cabinet ministers including Prime Minister Pedro Sánchez. The investigation, coordinated by Forbidden Stories, reveals over 200 Spanish mobile numbers were targeted. Morocco allegedly received Pegasus as a gift from the UAE. NSO Group was blacklisted by the US in 2021.
A former Moroccan DGST agent, pseudonym Safir, has provided evidence that Morocco used NSO Group's Pegasus spyware since 2017 to target journalists, human rights defenders, French politicians, and Spanish cabinet ministers including Prime Minister Pedro Sánchez. The investigation, coordinated by Forbidden Stories, reveals over 200 Spanish mobile numbers were targeted. Morocco allegedly received Pegasus as a gift from the UAE. NSO Group was blacklisted by the US in 2021.
fr39Zelenskyy joins European leaders at Bastille Day parade showcasing unity for Ukraine
Background: France planned its 2025 Bastille Day parade as a demonstration of military rearmament and European solidarity, honoring Ukraine with 10,000 troops and a more operational format. The parade took place on July 14, 2025, with Ukrainian President Volodymyr Zelenskyy attending alongside around 30 world leaders, including British Prime Minister Keir Starmer and German Chancellor Friedrich Merz. Approximately 7,600 troops marched, including 500 soldiers from the 'Coalition of the Willing' and 25 Ukrainian soldiers. The fly-past featured French Mirage fighter jets flown with Ukrainian co-pilots currently training on the aircraft. The event followed a summit of Western allies supporting Ukraine, where an air-defense coalition was announced. The Kremlin described the participating countries as 'hostile.' The parade was Macron's last before leaving office in 2027.
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Zelenskyy joins European leaders at Bastille Day parade showcasing unity for Ukraine
Background: France planned its 2025 Bastille Day parade as a demonstration of military rearmament and European solidarity, honoring Ukraine with 10,000 troops and a more operational format. The parade took place on July 14, 2025, with Ukrainian President Volodymyr Zelenskyy attending alongside around 30 world leaders, including British Prime Minister Keir Starmer and German Chancellor Friedrich Merz. Approximately 7,600 troops marched, including 500 soldiers from the 'Coalition of the Willing' and 25 Ukrainian soldiers. The fly-past featured French Mirage fighter jets flown with Ukrainian co-pilots currently training on the aircraft. The event followed a summit of Western allies supporting Ukraine, where an air-defense coalition was announced. The Kremlin described the participating countries as 'hostile.' The parade was Macron's last before leaving office in 2027.
Background: France planned its 2025 Bastille Day parade as a demonstration of military rearmament and European solidarity, honoring Ukraine with 10,000 troops and a more operational format. The parade took place on July 14, 2025, with Ukrainian President Volodymyr Zelenskyy attending alongside around 30 world leaders, including British Prime Minister Keir Starmer and German Chancellor Friedrich Merz. Approximately 7,600 troops marched, including 500 soldiers from the 'Coalition of the Willing' and 25 Ukrainian soldiers. The fly-past featured French Mirage fighter jets flown with Ukrainian co-pilots currently training on the aircraft. The event followed a summit of Western allies supporting Ukraine, where an air-defense coalition was announced. The Kremlin described the participating countries as 'hostile.' The parade was Macron's last before leaving office in 2027.
fr39French PM Lecornu visits Morocco to deepen ties amid Pegasus spyware allegations
French Prime Minister Sébastien Lecornu visited Morocco to strengthen bilateral relations, emphasizing energy cooperation, security, and counterterrorism. A new initiative seeks to export renewable electricity from Morocco to France. The visit was overshadowed by renewed allegations that Morocco used Pegasus spyware to target French officials, including Lecornu, which Morocco denies.
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French PM Lecornu visits Morocco to deepen ties amid Pegasus spyware allegations
French Prime Minister Sébastien Lecornu visited Morocco to strengthen bilateral relations, emphasizing energy cooperation, security, and counterterrorism. A new initiative seeks to export renewable electricity from Morocco to France. The visit was overshadowed by renewed allegations that Morocco used Pegasus spyware to target French officials, including Lecornu, which Morocco denies.
French Prime Minister Sébastien Lecornu visited Morocco to strengthen bilateral relations, emphasizing energy cooperation, security, and counterterrorism. A new initiative seeks to export renewable electricity from Morocco to France. The visit was overshadowed by renewed allegations that Morocco used Pegasus spyware to target French officials, including Lecornu, which Morocco denies.
fr35Severe storms leave 13,000 households without power across France
Violent storms swept across several regions of France overnight, leaving around 13,000 households without electricity. The Ardeche department was hardest hit, with hailstones damaging homes, vehicles, and public buildings, and over 2,200 lightning strikes sparking a vegetation fire. Power outages also affected Sarthe and Dordogne, while rail traffic was disrupted. Fifteen departments remained under orange thunderstorm warnings and 31 under orange heat wave alerts.
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Severe storms leave 13,000 households without power across France
Violent storms swept across several regions of France overnight, leaving around 13,000 households without electricity. The Ardeche department was hardest hit, with hailstones damaging homes, vehicles, and public buildings, and over 2,200 lightning strikes sparking a vegetation fire. Power outages also affected Sarthe and Dordogne, while rail traffic was disrupted. Fifteen departments remained under orange thunderstorm warnings and 31 under orange heat wave alerts.
Violent storms swept across several regions of France overnight, leaving around 13,000 households without electricity. The Ardeche department was hardest hit, with hailstones damaging homes, vehicles, and public buildings, and over 2,200 lightning strikes sparking a vegetation fire. Power outages also affected Sarthe and Dordogne, while rail traffic was disrupted. Fifteen departments remained under orange thunderstorm warnings and 31 under orange heat wave alerts.