Livret rate Still frozen, new alert for SCPIs… Find the 3 money news for this Monday, February 19.
1 – The Livret A rate will soon be thawed?
Law professor Paul Cassia asked the Council of State to cancel the decree of July 28 which freezes the Livret A rate at 3% for 18 months. And for good reason, the rate freeze especially penalizes savers. Indeed, according to the calculation formula based in part on the evolution of the average inflation excluding tobacco over the last six months, the remuneration of the Livret A should have increased to 4.10% last August and to 3.90% since February 1. The Council of State rendered its decision this Monday: the rate will remain frozen until January 31, 2025.
2 – New alert for SCPIs
Real estate investment companies (SCPI), particularly those specializing in offices, are suffering from the downturn in the real estate market. Since last summer, around fifteen SCPIs have lowered the prices of their shares. SCPIs Primostone and Primovia of Primonial Reim are no exception: the prices of their shares fell respectively by 6.7% and 8.9%. The fall in the value of assets has also led to a wave of exit requests from savers with 2.1 billion euros of shares pending at the end of December. All the information here.
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3 – The right time to invest your money in bonds
This is probably the right time to lend money to a company or a European state, with the ECB’s main key rate at its highest level in more than 20 years. When France launches a loan via Agence France Trésor, only certain specialized banks can participate. But investors can acquire debt French on the secondary market. Nominal rate, yield, interest rate risk and sensitivity, here are the key elements to know before investing in bonds.