A booklet has regained a little sparkle in March – Le Figaro

For the first time in nearly a year, the French have deposited 110 million euros on that regulated investment, yielding 1%. However, since the beginning of the year, withdrawals remain largely exceed deposits.

Is this a change in trend or a single exception ? For the first time in almost a year (April 2014), the French have fueled their passbooks in March. Deposits exceeded withdrawals amounting to 110 million euros, according to the Caisse des Dépôts et Consignations (CDC). In February, they had drawn 970 million euros in the bottom of regulated wool.

Sustainable development booklet (LDD) also found luster last month, households depositing € 250 million on this book leaning against a current account. However since the beginning of the year, the accounts are still in the red. The French withdrew 1.71 billion euros of their booklet A and the LDD 180 million euros.

These two investments are reported as 1% net per year. But even if such compensation appears weak, it is very much greater than that of the OAT 10-year government bond, the rate fell to 0.35%. And that of inflation, slightly negative in March year on year (-0.1%). The French, who had recently taken the habit of leaving their savings to sleep on their current account, so may have rediscovered the virtues of the booklet A and LDD, risk free investments, which in the context of current very low interest rates, remain honorable for cash. “The month of March is doing well Booklet A, because it is a quiet month for expenses. Households reconstitute their cash in anticipation of spending spring and summer have to go back to March 2007 to record outflows “says Philippe Crevel, director of Circle of savings.

In addition, it is not uncommon that at the beginning of an economic recovery, cautious households are saving a little more, advance the economist. In February, the life insurance was a 14th consecutive month of net inflows, deposits have exceeded withdrawals amounting to 2.1 billion euros.

In the very low level of inflation, “it is likely that the Bank of France asked the lower rate to 0.75 or 0.5% on 1 August. The Government will decide between the interests of investors who are also voters and those of the Caisse des Dépôts and social housing, “said Philippe Crevel.