Rate of remuneration of the publication A: the Caisse des dépôts defends the status quo

Will the Livret A rate remain at 3%? The director standard of the Caisse des dépôts, Éric Lombard, pleaded once more on Saturday for it to stay strong, some days before a decision eagerly awaited via savers. Between the diverse financial savings merchandise – life insurance, regulated booklets… – “there may be a question of hierarchy of returns to which we're attentive and which could be distorted if the price of the book A continued to upward push”, confident Éric Lombard for the duration of the Economic Meetings of Aix-en-Provence.

“It would no longer be logical that the charge of the publication A, which is liquid, assured and tax-free is the highest” most of the savings merchandise, some of which are lots riskier, and therefore traditionally better paid.

Towards a rate of 4%

The Caisse des dépôts manages 60% of the quantities deposited by means of the French on their Livret A or their Livret de développement durable et solidaire (LDDS), which it reinvests especially in loans meant for the construction of social housing. For several months, the French have desired those regulated savings books, whose charge of go back has turn out to be an awful lot greater attractive due to high inflation.

The Minister of the Economy Bruno Le Maire need to announce in the very next few days the charge of remuneration for the Livret A in order to apply from August 1, after having acquired a fee proposal from the Governor of the Banque de France.

 

According to the calculation components contemplating on the only hand the rise in costs and alternatively the interbank fees, it could be four% or four.1%, in step with the director of the Circle of savings Philippe Crevel. But “we plead for the steadiness of the charge of the book A”, reaffirmed Saturday Éric Lombard.

 

The impact of a upward push within the fee of pay, that's a borrowing price for social housing actors, is “huge”, he warned. “They borrow one hundred seventy billion euros from us, so a 1% growth prices social housing 1.7 billion at a time when it's miles vital to construct”, distinctive the director fashionable of the Caisse des dépôts.