Record outflows from Livret A in September

Huge outflows of €2.38bn from French public savings accounts Livret A have been recorded in September 2015 according to figures published by the Caisse des Dépôts et des Consignations (CDC).

It makes the highest amount of outflows seen by the CDC since the beginning of the year.

Outflows on Livret A for the nine first months of 2015 have reached €6.21bn.

Last August’s decision of the French government to trim Livret A’s rate from 1% to 0.75% can be one possible explanation of such outflows.

Livret A’s assets managed by the CDC reached €256.8bn as at 30 September 2015.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and 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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