The sustainability of the Livret A rate raises many questions. In a few days, Bruno Le Maire will announce the rate of pay for the booklets. Currently set at 3%, the changes should begin on August 1.

Eric Lombard demanded stability in the Livret A rate at Bercy

Eric Lombard confirmed that there is no need to increase the remuneration rate of Livret A. For now, it is still set at 3%, but this is temporary because Bruno Le Maire will make an announcement soon. It reveals the new rates assigned to everything related to savings, regulated booklets or life insurance.

According to Eric Lombard, it is important to focus on the hierarchical structure of returns in the event that the Livret rate continues to rise. He mentioned it in an interview with AFP on the sidelines of Aix-en-Provence’s economic meetings. Eric Lombard also pointed out that there is no logic in Livret A’s high rate. after all, livret A is guaranteed, tax-exempt but also liquid.

A very noisy rate increase

Currently, the Livret A rate is 3%. But the chances of a 4% increase are good. At present, the Caisse des Dépôts hold the majority share of the amounts deposited by the French in their Livret A, i.e. 60%. This percentage is split between their Livret A and their LDDS or Sustainable and Solidarity Development booklet.

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The Caisse de dépôt invests part of this amount in loans for social housing construction. The French have been favoring savings books for months now, as the payout rate is more attractive. This balances perfectly with this skyrocketing inflation.

Consistency is essential as Eric Lombard emphasizes

The new Livret A remuneration rate will be effective from August 1. Philippe Crevel, director of the Cercle de l’Epargne, said it would be between 4 and 4.1%. The impact of the Livrate A rate hike could be huge, especially for social housing players and investors.

To quote his words, He said that if the social housing players borrow 170 billion euros from them, with an increase of 1%, it will give 1.7 billion to social housing.