This would be a second increase in a few months, following that of February 1, 2022. The rate of the livret A might double on August 1, 2022.
Inflation affects the daily life of the French, and it can also have an influence on the rate of the booklet A. Indeed, as recalled by the specialized site demarchesadministratives.frthe Livret A rate is generally calculated on the basis of two averages: that of annual inflation over the last six months from which the average interbank rate is subtracted.
The next possible revision date for the Livret A is August 1, 2022, and if there is a revaluation, it will be at that time. This would therefore be a second increase in a few months, following that of February 1, 2022.
A rate that would go from 1% to 1.90%?
According to Capital, if inflation for May and June 2022 remains unchanged from that of April 2022, the average annual price increase over the last six months should be 4.27%. And if the average interbank rate does not change (-0.57%), our colleagues arrive at the conclusion of a passbook A rate which would be 1.85%, rounded up to 1.90%.
On average the French have 5500 euros on their savings account, and in the event that the rate would increase from August 1, 2022 from 1% to 1.90%, the interests would increase over one year by 49.50 euros, or 4.125 euros per month .
The decision rests with the Governor of the Banque de France
However, this increase has not yet been recorded and is not definitive. It is up to the Governor of the Banque de France to submit to the government an increase in the Livret A rate by following the calculation made by our colleagues. And if he decides to present this increase to the executive, then the Minister of the Economy must validate it. What Bercy used to do according to Capital.
