The Livret A rate will rise again in August – LaDepeche.fr

the essential The month of August will see the Livret A rate increase, the governor of the Banque de France, François Villeroy de Galhau, warned this morning on RTL. The Livret A rate will rise again in August, indicated the governor of the Banque de France François Villeroy de Galhau, responsible for transmitting to the government a proposal for the evolution of the remuneration of the preferred savings product of the French. “Purchasing power should fall by 1% this year,” said the Governor of the Banque de France. “Inflation is too high (5.6%), but inflation should return to below 2% by 2024,” he nevertheless estimated. “With the European Central Bank”, “it is our mission, it is our mandate, to ensure price stability”, insisted François Villeroy de Galhau. “When there was not enough inflation, that is to say a somewhat anemic economy, we stepped on the accelerator with exceptional measures. There, we take our foot off the accelerator, we normalize monetary policy (…) This means that we are gradually returning to more normal interest rates for the financing of States, companies, households”, he continued.