Livret A’s outflows continue in August

French public savings accounts Livret A have seen €410m outflows in August, according to figures published by the Caisse des Dépôts et des Consignations (CDC).

Since the start of the year, outflows on Livret A have reached €3.83bn.  Livret A only recorded inflows in March.

In August 2015, the French government trimmed Livret’A rate from 1% to 0.75%, following a recommendation of the Banque de France.

Livret A’s assets managed by the CDC have amounted to €259.2bn as at 31 August 2015.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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