Livret A’s rate unchanged

The rate of French most popular savings product Livret A will not be trimmed and will remain at 0.75% on 1 February, French finance minister Michel Sapin announced following a recommendation of the Banque de France.

Livret A’s rate was expected to be trimmed to 0.5% but figures released by the French statistic institute Insee have shown that the inflation was still very low in the country.

Massive outflows have been stressed last year on Livret A whose rate is at its historic low.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco.
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