Always lower. The governor of the Bench of France François Villeroy de Galhau wishes to reduce the 1.7% brochure rate on August 1, against 2.4% currently, the French Central Bank announced on Wednesday, a consequence of the inflation level contained in the first semester.
French accumulate more than 600 billion euros in savings in brochures A and LDD, limited respectively to 22,950 euros and 12,000 euros. These brochures allow them to maintain the guaranteed, available and fiscal exemption. The French are particularly affectionate.
The brochure A is calculated every six months, mid -January and mid -July, from the average inflation rate (excluding tobacco) and an average interbank interest rate depending on the European monetary policy, in the semester that has just been approved. However, these two elements have decreased since the beginning of the year.
Imitantly political, the Livret A rate has been subject to frequent dispentions in recent years, mainly for the disadvantage of savers.
Modest and Nuclear Households
The money placed in brochures A and LDDs is distributed between banks (40.5%) and Caisse des dépôts et (59.5%) consignments. Banks mainly transform it into credits for SME and vs..
The Caisse des dépôts et consignations (CDC), the state financial arm, divided, within the savings fund, its envelope in two. Half is dedicated to long -term loans to social housing and the city’s policy. The other half is invested in debt titles (mainly state) and in traded companies.
The CDCs were criticized this year for the opacity of their investments, some of which are in companies dedicated to oil production.
Faced with these criticisms, she replied that her exposure to fossil fuels “remains less than 5 billion euros.”
Since the end of 2024, the money from the Savings Fund has also organized, through banks, towards loans dedicated to the energy and ecological transition.
It could also be used to finance the rebirth of nuclear in France. And “even if we finance the EPR (nuclear reactors), we will always have enough money to finance social housing or local communities,” explained June 19 about Franceinfo, the new general director of the “Caisse”, Olivier Sichel.
Source: BFM TV
