Sep 3, 2025
French ECB policymaker Francois Villeroy de Galhau stated on Wednesday that central bank independence is a prerequisite for low interest rates, as reported by Reuters. His comments align with a growing defense of the Federal Reserve against pressure from the White House, where President Donald Trump has publicly discussed firing Chair Jerome Powell and attempted to dismiss Fed Governor Lisa Cook last month to influence rate cuts.
Villeroy, who also serves as the governor of the French central bank, emphasized that independence from political influence allows a central bank to control long-term inflation and anchor the inflation expectations of households and businesses. This perspective was echoed by other major central bank leaders. ECB President Christine Lagarde warned that the global economy would face repercussions if the Fed’s independence were compromised, given the outsized influence of the U.S. economy. Similarly, Bank of England Governor Andrew Bailey expressed being “very concerned” about the threats to the Fed’s autonomy, labeling it a serious issue.
According to data from the IndexBox platform, the stability of monetary policy is a critical factor for global market forecasts, and political interference is seen as a significant risk to economic predictability.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
				REPORT DESCRIPTION
				RESEARCH METHODOLOGY AND THE AI PLATFORM
				DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
				GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
				KEY FINDINGS
				MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
				MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
				CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
				MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
				TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
				BEST-SELLING PRODUCTS
				MOST CONSUMED PRODUCTS
				MOST TRADED PRODUCTS
				MOST PROFITABLE PRODUCTS FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
				TOP COUNTRIES TO SOURCE YOUR PRODUCT
				TOP PRODUCING COUNTRIES
				TOP EXPORTING COUNTRIES
				LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
				TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
				TOP CONSUMING MARKETS
				UNSATURATED MARKETS
				TOP IMPORTING MARKETS
				MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
				PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
				PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
				IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
				IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
				IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
9. EXPORTS
The Largest Destinations for Exports
				EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
				EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
				EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
		 
                        11. COUNTRY PROFILES
The Largest Markets And Their Profiles
                        This Chapter is Available Only for the Professional Edition
                        PRO
                        
                            United States
                            China
                            Japan
                            Germany
                            United Kingdom
                            France
                            Brazil
                            Italy
                            Russian Federation
                            India
                            Canada
                            Australia
                            Republic of Korea
                            Spain
                            Mexico
                            Indonesia
                            Netherlands
                            Turkey
                            Saudi Arabia
                            Switzerland
                            Sweden
                            Nigeria
                            Poland
                            Belgium
                            Argentina
                            Norway
                            Austria
                            Thailand
                            United Arab Emirates
                            Colombia
                            Denmark
                            South Africa
                            Malaysia
                            Israel
                            Singapore
                            Egypt
                            Philippines
                            Finland
                            Chile
                            Ireland
                            Pakistan
                            Greece
                            Portugal
                            Kazakhstan
                            Algeria
                            Czech Republic
                            Qatar
                            Peru
                            Romania
                            Vietnam
		LIST OF TABLES
				Key Findings In 2024
				Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
				Per Capita Consumption, by Country, 2022–2024
				Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
LIST OF FIGURES
				Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
				Consumption, by Country, 2024
				Market Volume Forecast to 2035
				Market Value Forecast to 2035
				Market Size and Growth, By Product
				Average Per Capita Consumption, By Product
				Exports and Growth, By Product
				Export Prices and Growth, By Product
				Production Volume and Growth
				Exports and Growth
				Export Prices and Growth
				Market Size and Growth
				Per Capita Consumption
				Imports and Growth
				Import Prices
				Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Production, by Country, 2024
				Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Imports, In Physical Terms, By Country, 2024
				Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
				Exports, In Physical Terms, By Country, 2024
				Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
				Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
