French central bank governor Moulin says 0.4% GDP growth forecast is optimistic

The signal here is less about the growth number itself than about the direction of official thinking: a central bank governor publicly flagging his own institution's forecast as too high is a notable concession, and it lands alongside a claim that euro-area growth is holding up. That tension matters for rate-sensitive corners of crypto and RWA markets, which have leaned on euro-area resilience as a backdrop. Whether the Bank of France formally trims its projection, and whether other euro-area voices echo the softer tone, is the open question worth watching.