Home » Economy » The livret A rate will drop to 1% on February 1

The livret A rate will drop to 1% on February 1

The surge in inflation should mathematically lead to an increase in the yield of the French preferred savings account. Bruno Le Maire announced his doubling.

«The rate of return of the livret A will increase to 1%»Announced the Minister of the Economy, Bruno Le Maire, on the television news set of TF1. Good news for the many French people who have placed part of their savings in this booklet. This change will take effect on February 1st. The rate of the Livret d’Épargne Populaire will drop from 1.1% to 2.2%. These adjustments are an additional tool “to protect the French from inflation», Rejoiced the Minister. The price increase reached 2.8% year on year in December.

The rate hike, stuck at 0.5% for two years, was expected. The latter is in fact partly determined by inflation, which has risen sharply in recent months. Only the exact amount remained unknown. The government finally decided to follow the recommendations of the Banque de France which had proposed a little earlier to double the yield of the livret A and to increase the rate of the popular savings book (LEP), reserved for the most modest to 2 , 2%.

Soaring inflation

The aim is to protect the French, especially the more modest, from rising prices, which has reappeared in the euro zone. It has even risen sharply in recent months + 1.1% in July, + 1.8% in August, + 2.1% in September, + 2.6% in October and finally + 2.8% in November, according to figures from INSEE.

The popular savings account is reserved for “all French people earning less than 20,000 euros per year“, Recalled the Minister of the Economy. If its rate is much more interesting than that of the livret A, only half of the beneficiaries claim it, often for lack of information. To remedy this bias, Bruno Le Maire announced that an email would be sent “to all French people who have the right».

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