what the ECB decision will change in the lives of the French

The European Central Bank is expected to lower its rates this Thursday, a first in five years. This decision will have a positive impact for French people looking to borrow to buy real estate. Good news for them, less so for those who save.

A first in five years. The European Central Bank is expected to lower its rates this Thursday. This decision, especially if it is repeated this year, will have a positive impact for French people looking to borrow to buy real estate. Good news for them, less so for those who save.

A drop in rates would automatically reduce the profitability of several investments, starting in the coming weeks for the regulated savings accounts so popular in France. Booklet A as well as the sustainable and solidarity development booklet will have a small reprieve.

Always good deals to be had

Their rate of 3% is guaranteed until January 31, but they should experience the same fate from February 1, 2025. On the other hand, concerning life insurance, the ECB decision should not have a major impact for the moment. There are always good deals to be had, explains Patrick Thiberge, general manager of Meilleurtaux Placements. “Today, for a saver who has cash that he wishes to invest, invest in a life insurance contract in a euro fund on which the insurer guarantees a 4.60% for example over 2024 and 2025, there , you have this enhanced rate for two years. So the opportunity is interesting and you shouldn’t miss it.”

Finally, the last victim of the expected drop in rates: term accounts. The average rate should fall below 2.5% for an account lasting one year.