Furthermore,
Livret rate will lowered 1.7%:
The Banque de France had offered this same figure a few minutes earlier. Meanwhile, obtained using a scientist who takes into account inflation.
The drop in the rate of book A on August 1 is confirmed. Moreover, This Wednesday, the government announced that the rate of the favorite savings product of the French would increase to 1.7%. Consequently, An evolution offered a few minutes earlier by the Banque de France.
“For booklet A, the rate of 1.7 % has two advantages: it remains significantly higher than inflation and protects savings from the French. However, Savings are interesting ”explains Bercy. Therefore, Second advantage: “The drop remains extremely positive for social housing. Moreover, As a reminder. In addition, when the rate of the booklet has dropped, social landlords can borrow more and therefore build more livret rate will lowered 1.7% social housing, which is important in a context where housing is extremely tense ”it is said.
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As a reminder. For example, the rate of “Favorite placement of the French” is determined according to a very specific formula, framed by the public authorities. Therefore, It results from an average between inflation. Meanwhile, interbank rates, that is to say the rates to which banks lend themselves from money between them, on the other hand. “This formula takes into account the half -yearly average of interbank rates day by day in the euro zone. the half -yearly average of the inflation rate, rounded up to the nearest tenth of point, without ever descending below 0.50%”details Catherine Rocha-Sanches, chef of products on regulated savings within the SG bank. Inflation has slowed considerably in France in recent months.
Each year, the Livret A rate is updated on February 1 and August livret rate will lowered 1.7% 1. The Banque de France gave its opinion in mid-July. before the Minister of the Economy decided, depending on the economic situation and inflation forecasts. Until now set at 2.4%, this rate allowed a saver having reached the regulatory ceiling of 22,950 euros to receive around 45.90 euros in monthly interest. With the new rate of 1.7%, this yield drops to 32.5 euros per month.
Read too How to compensate for the drop in the rate of booklet A? Wealth management experts give their solutions
Livret rate will lowered 1.7%
LEP sees its rate also lower
The rate of the popular savings book (LEP), reserved for modest households, goes from 3.5% to 2.7%, said Bercy on Wednesday. This rate is the subject of a “Blide”its theoretical formula highlighting it to 2.2%. “For the LEP, the formula has not been applied exactly. A gesture livret rate will lowered 1.7% was made in favor of the state. It is to encourage the savings of all. and that, whatever the level of savings, we encourage people to save, including small sums. Arbitration has been done to encourage social and most modest housing ”details the Ministry of the Economy.
“Regular support measures to promote LEP have borne fruit”is welcoming the Banque de France. with “Almost 12 million” LEP open today, compared to 7 million in 2021.
This drop in the rate of the booklet was part of a broader economic logic. “We must not forget that we are in a context where the drop in rates in general is positive. for the economy in general. We go a little against the inflationary spiral by lowering this rate ”recalls Bercy. If the remuneration decreases. it nevertheless remains attractive: “We will be on a rate that will be three times higher than livret rate will lowered 1.7% inflation, and it’s still not bad. It remains a drop but these are rates that remain remunerative ”.
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For the Ministry of the Economy. Additionally, it is also a question of maintaining a balance between the protection of savers and the economy. “Booklet A. LEP are booklets that are guaranteed by the State and can be removed at any time, so you have to have remuneration that is consistent with other products on the market. These are booklets that allow you to have guaranteed savings, without any risk and significantly higher than inflation. We are looking for a balance between allowing people to save and serve the economy ”.
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