Livret A: how will the rate change in November 2022?

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Next month could have seen the passbook A rate increase, an intermediate boost having been made possible in particular on this date by a decree of January 2021. Since the entry into force of this decree, the Banque de France has not not made use of, and the first will therefore not take place either on November 1, even though inflation reached 5.6% over one year in September, according to Le Parisien.

A spokesperson for the Banque de France announced this two weeks ago to the Ile-de-France daily, insisting on the impact of the revaluation having been put in place on August 1, in particular for holders of a savings account. popular, reserved as its name suggests for the most modest. However, many people potentially affected do not take advantage of it: Indeed, as TF1 points out, only 37% of French people eligible for it had one at the end of December 2020.

As Philippe Crevel, director of the Cercle de l’Epargne, told Le Parisien, the current economic context means that the Banque de France is strategically tending to push more for consumption rather than savings. The passage of the passbook A rate from 1% to 2% dating from last August had indeed made it the best month of August in the history of the investment, which had a destabilizing impact on life insurance. Indeed, the increase in the rate of the booklet A makes it more attractive for savers than the contribution to life insurance, as Planet has already explained.

The Banque de France quickly announced that an increase in the rate for the Livret A will take place on February 1, 2023 which, according to Philippe Crevel, would place it at that time around 3%.

In the meantime, the yield on the Livret A account in relation to inflation will continue to be well below zero, with the popular savings account following the same trend, albeit to a lesser degree, reports Le Parisien. Philippe Crevel argues that we have not seen such a negative real return since the second oil shock in the early 1980s.