The Limited Times

Now you can see non-English news...

"It's been oversold": how keeping the Livret A at 3% hurts savers

2024-01-15T15:37:14.715Z

Highlights: Livret A will be stuck at 3% since August and until February 1, 2025. The savings product cherished by the French will earn them much less than if the formula was changed. "It was a safe bet that, as inflation fell, the rate would fall," the economy minister explained at the time. The guarantee was presented as "good news" by Bruno Le Maire when he announced his decision on the set of TF1, in mid-July. The public authorities committed to last summer that the preferred investment rate of the French would be maintained until the end of January 2025.


Stuck at 3% since August and until February 1, 2025, the savings product cherished by the French will earn them much less than if the formula


This is a promise that will be kept. However, the problem is that it should not really be to the advantage of the 56 million households holding the Livret A. As the public authorities committed to last summer, the preferred investment rate of the French, set at 3% since August 1, 2023, will be maintained until the end of January 2025.

What's next after this ad

A guarantee already presented at the time as "good news" by Bruno Le Maire when he announced his decision on the set of TF1, in mid-July. "It was a safe bet that, as inflation fell, the rate would fall," the economy minister explained at the time.

Subscribe to read more

Already a subscriber? Sign in

Source: leparis

All business articles on 2024-01-15

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.