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The passbook A rate will double to reach the 2% at the beginning of the month of August. This was announced by the Minister of the Economy Bruno Le Maire on Thursday July 14. Even when revalued, this rate will remain very much lower than inflation.
This is a boost for savers that was expected. Thursday, July 14, in an interview with Parisianthe Minister of Economy Bruno the Mayor announced that the passbook A rate will double to reach the 2% from August 1. A decision that comes following a proposal by the Governor of the Banque de France, François Villeroy of Galhau. Asked at the microphone of franceinfothe governor indicated that the 2% were “possible”and that this increase would be “significantly more” important for the popular savings account.
The popular savings account will in fact go to 4.6%. Nearly 19 million French are eligible to this placement. The booklet A had already been upgraded in February. It has now reached its highest level for ten years. But the rise in interest rates for these investments remains lower than inflation, estimated at 5.8% over the past year.
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