However,
Banque de france wishes lower:
The governor of the Banque de France François Villeroy de Galhau wishes to. Moreover, lower the rate of booklet A to 1.7% on August 1, against 2.4% currently, announced on Wednesday the French Central Bank, a consequence of the level of inflation contained in the first semester.
This drop, unprecedented by its magnitude since 2009, would be the second of the year, after a first decrease of 3% to 2.4% on February 1.
It must now be endorsed by the Minister of Economy Eric Lombard.
The French accumulate more than 600 billion euros in savings on booklets A and LDDS, capped respectively at 22,950 euros and 12,000 euros. Similarly, These booklets allow them to maintain guaranteed, available and tax exemption. In addition, The French are particularly fond.
The rate of booklet A is calculated every six months. In addition, mid-January and banque de france wishes lower mid-July, from the average inflation rate (excluding tobacco) and an average rate of interbank interest depending on European monetary policy, on the semester which has just passed. However, these two elements have been down since the start of the year.
The governor chose for the rate of booklet A. Therefore, also valid for the sustainable and united development booklet (LDDS), to stick to the strict calculation of the formula.
Such a rate left higher than that of June inflation. measured at 1% over a year, according to the latest publication of INSEE.
“The fixing of the rate of booklet A at 1.7% will therefore continue to protect the purchasing power of its holders“said the Banque de France in a press release.
It also offers a bowl of air to social housing players. who borrow from the rate of booklet A, and banks, who will have less interest to pay banque de france wishes lower to savers at the end of the year. Iminently political. the Livret A rate has been the subject of frequent derogations in recent years – mainly to the disadvantage of savers.
The rate of the popular savings book (LEP), reserved for modest households, would drop from 3.5% to 2.7%, the governor also recommended on Wednesday.
This rate is the subject of a “boost”, its theoretical formula highlighting it to 2.2%.
“Regular support measures to promote LEP have borne fruit,” said the Banque de France, with “almost 12 million” of LEP open.
This total, far from the 19 million eligible, also remains under the target of 12.5 million that the Banque de France had set itself for last summer.
The money placed on booklets A and LDDS is distributed between banks (40.5%) and the Caisse des Dépôts et Consignations (59.5%). Banks mainly transform it into credits for SMEs and VSEs.
The Caisse des Dépôts et Consignations (CDC). State financial arm, split, within the savings fund, its envelope in two. Half is dedicated to long -term loans to social housing and for city policy. The other half is invested in debt securities (mainly state) and in listed companies.
The CDC was criticized this year for the opacity of its investments. some of which are in companies engaged in oil production.
Faced with these criticisms, she replied that her exposure to fossil fuels “remains less than 5 billion euros”.
Since the end of 2024. the money from the savings fund has also arranged, via banks, towards loans dedicated to the energy and ecological transition.
It could also be used to finance the revival of nuclear in France. And “Even if we finance (nuclear reactors) EPR. we will always have enough money to finance social housing or local communities“, banque de france wishes lower Explained on June 19 on Franceinfo the new director general of the” Caisse “, Olivier Sichel.
Banque de france wishes lower
Further reading: 14-July in Lyon. Tensions in peninsula, violence bursts: the CRS intervene – French Ambition Transports – Regions of France – Mortal brawl with a knife in Clermont-Ferrand: an attacked soldier died, his colleague in a “stable state”, two suspects arrested – Reims: the 4 -year -old girl who fell from the seventh floor of a building has died – Paris Match Info, a soldier, invited for the July 14 parade, kills himself by falling 15 m.