The Livret A rate will increase from August 1st. but of course less than expected. To determine this, Bercy relies on the publication final consumer price index for June and on the recommendation of the Governor of the Bank of France. Friday 10 June INSEE confirmed inflation at 1.8%, excluding tobacco 1.7%. Although estimates predicted the new rate would be between 1.7% and 1.8%, It seems like the scales are tipping to the bottomLes Échos reports.
The calculation formula is clear. The Livret A rate is calculated based on the arithmetic average. between average inflation excluding tobacco products for the first quarter of 2026 and the average level of interbank rates €STR. The first is 1.517%, and the second is about 1.96%. However, May inflation data (2.4%) suggests that the new Livret A rate will be closer to 1.8%. Thus, the fall in inflation changed the calculation result. Now the Governor of the Bank of France must give his recommendations to the Minister of Economy, who will announce new Livret A rate by July 15th.
Impact on other booklets
Bercy’s decision will not impact only Livret A owners. In fact, his rate is used to calculate the rate LDDS (Sustainability and Solidarity Brochure) and LEP (People’s Savings Brochure). The first corresponds to the Livret A rate. The second is designed to remain above the Livret A rate with an addition of 0.5 points. The government may decide to lend a helping hand, as it did this winter. In fact, the Livret A rate today is 1.5%, and the LEP is 2.5%, that is, 1 point more, not 0.5.