Governor François Villeroy de Galhau proposed this Wednesday to lower the savings rate of the French's preferred investment by 0.6 points.
The governor of the Bank of France, François Villeroy de Galhau, proposed on Wednesday January 15 to lower the rate of the Livret A to 2.4% on February 1, against 3% currently, and to bring back that of the Livret d'épargne populaire ( LEP), reserved for low-income households, at 3.5%, compared to 4% today.
This new Livret A rate, the compass of French savings, “will make it possible to amplify the very positive movement to revive the financing of social housing and local authorities observed for more than a year”writes the Bank of France in a press release.
Also read
What to do with your money after the drop in Livret A yields?
For his first financial year, Éric Lombard had prepared the ground and anticipated a drop “around 2.5%” on France Inter on Monday January 6. This planing blow still remains important. This is the first since the beginning of 2020, when the rate went from 0.75% to 0.50%. We have to go back to the summer of 2013 to find such a significant drop, of half a percentage point.
More information to come…
France
