No increase in the booklet A planned for November

We will have to wait until February 2023. The Livret A rate will not increase in November, as the texts allow halfway between two regular revisions, the Banque de France told AFP on Monday, confirming information from the

.

On the other hand, “there will be a new rise next February”, after the doubling from 1% to 2% which occurred on August 1, said a spokesperson for the central bank.

The governor of the institution had already estimated this summer that the upward movement started this year should continue, "in all probability", in 2023. At the start of 2022, the rate was still at 0.5%, a historic low.

Exceptional revisions

Savings product held by a majority of French people, the Livret A has its rate automatically recalculated twice a year, for February 1 and August 1, taking into account inflation and the rates at which banks exchange short-term money.

It can exceptionally be revised on May 1 and November 1 "if the Banque de France considers that the variation in inflation or the money markets justifies it", according to the texts.

However, this derogation has never been used.

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