Facelift ? The Livret A should soon change its face, according to recent statements by François Villeroy de Galhau, the Governor of the Banque de France. Due to the high inflation that is currently hitting the country – and even the continent -, the organization is now considering a revision of the rate of return of the investment (almost) preferred by French women and men.
“We must expect a further rise in the Livret A rate on August 1 next”, thus informed the Governor of the Banque de France… who is not, strictly speaking, in a position to decide on a whether or not yields rise. This mission falls to Bercy, on the basis of the proposals made by the BDF.
As things stand, after an initial revaluation on February 1, 2022, the rate of return on the Livret A is 1%. It doubled at the start of the year, starting from 0.5%;, recalls the Journal du Net on its site. Today, continue our colleagues, inflation is estimated by the National Institute of Statistics and Economic Studies (Insee) at 5.2% over one year. It is the result of the economic recovery – which has led to an increase in consumption – and the war in Ukraine. Therefore, should we expect a comparable increase? Not necessarily.
The first figures have not been communicated, but it is clear that in 1981, high inflation did not mean a catch-up to the height. The rise in consumer prices was then estimated at 13.4%, while the Livret A rate was “only”… 8.5%.
