France-The Livret A rate raised to 1% on February 1-Le Maire – 01/14/2022 at 13:11

PARIS, Jan 14 (Reuters) – The Minister of Economy and Finance, Bruno Le Maire, announced on Friday that the Livret A rate would be raised to 1% on February 1, against 0.50% currently, following the recommendation of the Governor of the Banque de France nL8N2TU33C

This is the first increase since August 2011 for this investment, whose rate of return has remained at a historic low of 0.5% since February 1, 2020.

Despite a negative return, since its rate remained lower than inflation, the Livret A, which provides liquid and tax-free savings, remains one of the favorite investments of the French, with 55.7 million holders. at the end of 2020 according to Banque de France data.

(Written by Myriam Rivet, edited by Nicolas Delame)

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