There will be no exceptional boost.

But a doubling of the Livret A rate, from 1% to 2%, from August 1 in the wake of the rise in inflation, is “possible”, estimated on FranceInfo the governor of the Banque de France.

"As the application of the formula [which notably takes inflation into account] leads to a significant increase in the Livret A, and even more so in the LEP (Livret d'épargne populaire), there is no our eyes, of justification to make an additional exceptional gesture", explained François Villeroy de Galhau.

Biannual calculation

The Livret A rate is calculated automatically twice a year by taking the average between, on the one hand, the average inflation rate of the last six months and, on the other hand, the average of the interbank rates, at which the banks are are exchanging money in the short term.

If the Governor of the Banque de France applies the formula to the letter, his decision is binding.

If he wishes to derogate from it, the decision is then decided by the Minister of the Economy.

In February, the remuneration of the booklet A had already increased from 0.5% to 1%.

This remuneration could double and reach 2% after the confirmation of inflation for June, at 5.8% over one year.

Largest increase in LEP

"It will be much more for the People's Savings Book", accessible under income conditions, said Mr. Villeroy de Galhau.

The LEP indeed follows inflation and should therefore rise from 2.2% to 4.5% on August 1, according to calculations by specialists.

Some 19 million French people can have access to the People's Savings Book capped at 7,700 euros, but nearly half of them do not have one, said the Governor of the Banque de France who called on them to seize of this savings solution.

Economy

The Livret A rate will increase again in August

Economy

Inflation, confirmed at 5.8% in June, will lead to an increase in the Smic in August

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  • A booklet