A booklet finally maintained at a rate of 1% – The Point

A booklet finally maintained at a rate of 1% – The Point

Livret A rate will eventually be maintained at 1% on February 1, despite the weakness of inflation should have done back, Bercy announced Thursday. In theory, this rate should have fallen to 0.25%.

The governor of the Bank of France had proposed Thursday to lower the Livret A rate of 0.75%. “I propose 0.75%. Economically, I would suggest a little lower, 0.50%. Without going to 0.25%.” But I want to take into account the psychology of investors. So I think we have a movement of a relatively limited scale, “explained Christian Noyer.

He had thus chosen at first not to respect the formula for determine the preferred investment performance of the French, which gave 0.25% Finally, the Minister of Finance has finally determined Thursday night.! no rate cut

Since the creation of this savings product in 1818, his compensation was never less than 1%. However, it is not uncommon to see the “formula” not being strictly enforced. In the summer of 2014 already, low inflation should have led to a decline in Livret A rate to 0.5%.

PEL 2% instead of 2.5%

In addition, Bercy said it had decided to reduce the compensation of housing savings plans beginning on February 1st. It will be 2%, whereas it is for an account now to 2, 5%. In contrast, the new PEL receive a maximum interest rates more attractive for investors choosing to take part in this as will be at 3.20%, against 4.20% for a plan ‘housing savings currently open.

“These new rules will strengthen the position of the ELP as a tool of housing policy and public support for homeownership. They do not address the existing PEL stock, “said Bercy

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