The Livret A rate should increase from 3% to 2.5% on February 1, announced Thursday the general director of the Caisse des Dépôts (CDC) Eric Lombard, a consequence of the decline in inflation.
The formula for calculating the Livret A rate, also valid for the Sustainable and Solidarity Development Booklet (LDDS), is based half on the evolution of prices over the last six months and the other half on an exchange rate between banks.
Decided around January 15, it “should apply and could arrive in February at a rate of around 2.5%”, declared Mr. Lombard at the microphone of Radio Classique.
The remuneration rate for Livret A has been set at 3% since February 1, 2023, a peak at the time since 2009.
This return, net of all forms of taxes, is very attractive compared to other savings products offered by bankers and insurers.
Theoretically revised every six months, the rate was fixed at 3% until the end of January 2025 by the former Minister of the Economy Bruno Le Maire.
A level today higher than inflation but lower than what savers could have had if the theoretical calculation formula had been strictly applied.
Eric Lombard's interview on Thursday coincides with the publication of the outstanding Livret A for the month of September by the CDC, up slightly by 210 million euros, and World Savings Day, created there is 100 years old.
“The French save a lot,” insisted Mr. Lombard.
Or even too much? “No doubt economic decision-makers would like the French to save a little less and consume a little more, that would support growth,” he observed.
Yet guardian of the temple of regulated savings, Mr. Lombard also promoted investment in the stock markets for long-term needs and retirement financing.
The general director of the Caisse des Dépôts also highlighted a “much more unequal” distribution of assets than of income in France.
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