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The French “Livret A” bank savings rate will double to 2%-Le Maire

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Reuters UK

PARIS (Reuters) – France’s Livret A bank savings rate – held by millions of customers across the country – will be raised from 1% to 2% in August, the second increase of the year amidst soaring inflation, French Finance minister Bruno Le Maire said Friday. “Concerning the Livret A (…) we chose to act on the recommendations of the Governor of the Banque of France,” Le Maire told Le Parisien newspaper, adding the Livret A rate will reach its highest level in 10 years. That rate had been raised from 0.5% to 1% at the start of the year. Last month, French inflation climbed further from the previ…

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