– Updated
Shunned by savers after the drop in its remuneration rate, the booklet has signed its worst month of April since 2009
© MAXPPP
The Banque de France proposes this July 16 to lower the rate of booklet A from 2.4% to 1.7% from August 1. This would represent a second decrease in the rate this year, after a first decrease of 3% to 2.4%. The Minister of the Economy Eric Lombard still has to give his opinion.
An unprecedented drop since 2009: François Villeroy de Galhau, governor of the Banque de France, proposed this July 16 to lower the rate of the booklet A for the second time of the year, to increase it from 2.4% to 1.7%. After a first drop from 3% to 2.4%, the measure would be used to contain the inflation of the first half of 2025.
“Continue to protect the purchasing power of booklet A” holders “
With more than 600 billion euros in savings, France ranks among the biggest savers in advanced countries. Booklets A and LDDS (Sustainable and Solidarity Development Booklet) allow French to keep guaranteed, available and tax -free savings.
Recalculated every six months between January and July, the rate of book A is indexed to the average inflation rate, down since the start of the year, motivating the proposal of François Villeroy de Galhau. “The fixing of the rate of booklet A at 1.7% will continue to protect the purchasing power of its holders,” said the Banque de France in a press release.
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.
The Banque de France’s proposal must now be endorsed by the Minister of Economy Eric Lombard.
