Bercy had recently announced an increase in the interest rate for the Livret A – regulated and low-risk savings account, exempt from tax and compulsory levy – due to the high inflation facing France. It remained to know its extent. Many economists agreed that this rate, calculated based on the average inflation rate for the past six months, which is currently expected to reach 2%, could rise from 0.5% to 0.8%. The government finally decided, in accordance with the recommendations of the Banque de France, to raise it a little more to give an additional boost to the purchasing power of the French. Such growth is unprecedented, the last revaluation of the booklet A dating back to August 2011.
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