New month in the green for the preferred placement of the French.
The amount stored in Livret A increased by 1.04 billion euros in June.
Similar trend for the Sustainable and Solidarity Development Booklet, which rose by 250 million euros.
In total, over the first half, total net inflows amounted to 19.06 billion euros.
A leap that increased the outstanding amount to 488.7 billion euros at the end of June.
Read alsoThe Livret A rate should continue to rise in 2023 according to the Banque de France
A success driven in particular by the rise in interest rates.
That of the Livret A book started the year 2022 at a low of 0.5%, before doubling for the first time on February 1.
A rise that should not stop.
On August 1, the rate will double again to reach 2% announced Thursday, July 14 the Minister of the Economy Bruno Le Maire, endorsing the proposal made by the Governor of the Banque de France.
Lower than the first six months of 2021
If this sum turns out to be slightly lower than the 16.74 billion euros net collected over the first six months of the year 2021, while France was still experiencing episodes of confinement and curfew, it is much more than the 11.57 billion euros of 2019. The year 2020 had meanwhile been exceptional with 20.41 billion garnered in the first half, a direct consequence of the pandemic and the confinements.
Read alsoBook A: the rate doubles to 2% on August 1, announces Bruno Le Maire
Managed jointly by the Caisse des dépôts and the banking networks, the Livret A is mainly used to finance social housing, while the LDDS is dedicated to the social and solidarity economy as well as to energy savings in housing.
At the start of the Covid-19 crisis, the Livret A and the LDDS saw a very sharp increase in investments, benefiting from their status as a safe haven, to the detriment of life insurance, which had then experienced a drop in its contributions.
