BANK OF FRANCE TO BUY FIRST CATEGORY PAPER TODAY The Bank of France is to inject liquidity against first category paper at a tender this afternoon, a Bank spokesman said. Money market sources were divided as to whether they thought the Bank of France would use the occasion to cut its intervention rate, which has stood at 7 3/4 pct since it was cut from eight pct on March 9. Some thought a rate cut unlikely given foreign exchange turbulence and the U.S. Prime rate rise to 7 3/4 pct, while others still counted on a 1/4 point cut by the Bank of France.