Economist Paul Chollet of Crédit Mutuel Arkéa has been analyzing the potential economic impacts of geopolitical instability, particularly focusing on the interplay between Federal Reserve policy and European interest rates. Chollet’s analysis comes as markets grapple with uncertainty heading into the second half of 2025.
Speaking during a roundtable discussion, Chollet addressed the critical question of how decisions made by the U.S. Federal Reserve will affect interest rates within Europe. This assessment is particularly relevant given the current global economic climate, characterized by both tentative recovery and conflicting economic indicators. He participated in a discussion hosted by Fans du Crédit, an initiative co-produced by the Fédération du courtage en crédit, a leading professional organization for financial intermediaries in France.
The discussion, moderated by Bruno Rouleau, also explored the outlook for both new and existing housing markets amidst ongoing instability. A key question raised was whether mortgage credit could once again serve as a catalyst for economic growth. Chollet’s insights covered a range of factors, including inflation, overall economic growth, and the potential for renewed demand.
According to a report from the Fédération du courtage en crédit, Chollet shared his analysis of major macroeconomic trends expected to shape the second half of 2025. The interview, conducted on July 15, 2025, highlighted the need to closely monitor indicators such as inflation, growth, and demand to anticipate market movements.
Chollet’s role at Crédit Mutuel Arkéa involves providing economic analysis and forecasting. He is also a member of the strategic committee at BSI Economics, as noted in a BFM TV interview from May 3, 2023. His expertise is frequently sought for commentary on economic and financial matters.
In June 2024, Chollet delivered a conference to members of the Club ETI Centre-Val de Loire, in partnership with Arkéa Banque Entreprises & Institutionnels. The presentation focused on the economic implications of the legislative elections, the bond market, global perspectives, and the trajectory of inflation.
