It’s a cold shower for French savers. The Livret A rate will ultimately only drop to 3% on February 1 on the recommendation of François Villeroy de Galhau, the Governor of the Banque de France. A choice confirmed by the Minister of the Economy, Bruno Le Maire, on the 1 p.m. news from France 2 this Friday. “It’s a real protection against inflation,” he said. Regarding the LEP (popular savings account), “the rate will go from 4.6 to 6.1%”, or “a rate higher than inflation”, underlines Bruno Le Maire.
Livret A: why the rate will drop to only 3% on February 1
