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Outcome of Livret A interest rate change proposal by February 1, 2025
2
Resolution / Starting Odds
Approved at 2.4% • 25%
Approved at a different rate • 25%
Not approved • 25%
No decision by deadline • 25%
Official announcement from the Minister of Economy or the Bank of France.
Story
Bank of France Proposes 2.4% Livret A Rate Cut for February 1, Awaiting Approval
Jan 15, 2025, 10:13 AM
The Governor of the Bank of France, François Villeroy de Galhau, has proposed lowering the interest rate of the Livret A savings account from 3% to 2.4% effective February 1. This proposal, which reflects the recent decline in inflation to 2%, awaits approval from the Minister of Economy, Eric Lombard. The change, if approved, would mark the first rate reduction for the Livret A since early 2020 and affect its 57 million holders. Additionally, the rate for the Livret d'épargne populaire (LEP), aimed at low-income households, is suggested to decrease from 4% to 3.5%. The Bank of France states that the new Livret A rate will enhance the positive trend in financing social housing and local authorities observed over the past year.
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