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France to Announce Lower Livret A Rate on Thursday

The Bank of France says the proposed level will stay above inflation.

Overview

  • Governor François Villeroy de Galhau will submit a recalculated rate after INSEE publishes December inflation, with Economy Minister Roland Lescure to approve or reject it.
  • The Livret A, now at 1.7%, is widely reported to be headed toward about 1.4% from 1 February, pending the official decision.
  • The governor indicated a marked advantage will be maintained for the LEP, which has yielded 2.7% since 1 August 2025.
  • Slowing price growth is set to pull regulated passbook returns lower because the statutory formula tracks recent inflation.
  • Falling yields are pushing some savers toward life‑insurance products offering roughly 2.6% to 2.7%, as authorities call for better directing high household savings into equity and innovation financing.