2024-07-12 14:06:35
Economy Minister Bruno Le Maire chose on Friday to cut the Livre Populaire (LEP) rate from 5% to 4% and, unsurprisingly, to keep the Livre A rate at 3%, thus following the advice of the Governor of the Bank of France.
“The minister, together with the Governor of the Bank of France, decided to set the LEP rate at 4%” Bercy said that from August 1. The ratio of Livret A and the ratio of the Manual for Sustainable and Solidarity Development (LDDS) “3% until February 1, 2025”, the ministry added.
LEP wages are reviewed every six months. Fixed at 6% from 1 August 2023, it has fallen to 5% on 1 February 2024, while inflation slows by the end of 2023. The LEP is held by 10.7 million French people and is reserved for the most frugal savers. A maximum of €10,000 can be deposited – the cap is raised by €2,300 in October 2023.
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