Personal Finance: What to Remember This Week

The net inflow of Livret A and LDDS is positive in June 2022. The European Central Bank (ECB) has raised its policy rates for the first time since 2011. Mortgage rates continue to rise. The National Anti-Fraud Task Force publishes an updated version of its prevention guide. In France, 7.2 million homes are “energy sieves”. The Livret Jeune will show a rate greater than or equal to 2% from 1 August 2022. The red stamp for sending a priority letter will be abolished from 1 January 2023.


  • Livret A and LDDS: positive net inflows in June 2022

  • ECB: first rate hike since 2011

  • Real estate: borrowing rates continue to rise

  • Fight against scams: update of the prevention guide

  • 7.2 million homes are “energy sieves”

  • Youth booklet: from 1 August 2022 a share greater than or equal to 2%.

  • Abolition of the red stamp from 1 January 2023

Livret A and LDDS: positive net inflows in June 2022

The net inflows of

Livret A was exposed to 1.04 billion euros in June 2022, while it was stopped in June 2021, according to data published by Caisse des dépôts. For its part, the

The Sustainable and Solidarity Development Booklet (LDDS) raised € 250 million in June 2022, compared to € 40 million in June 2021. The cumulative collection on these two tax-free savings products reached € 19.06 billion from the beginning of 2022. The installment for these two passbooks will drop to 2% on 1 August 2022. Given the evolution of inflation (+ 5.8% in June 2022) and interbank rates, the two components of the formula for calculating the Livret rate A, the latter should continue to rise.

ECB: first rate hike since 2011

The European Central Bank (ECB) announced at the end of July 2022 the first increase in its three benchmark interest rates since 2011. The deposit rate moves to 0%, that of the refinancing line to 0.50% and that of the credit line marginal lending facility at 0.75%. These rates affect the interest rates of

loans that commercial banks provide to households and businesses. Their increase aims to appease the

the current tensions on consumer prices. The ECB thus emerges from the era of negative rates, starting the normalization of its monetary policy a few months after its counterparties in the United States (US Federal Reserve) and the United Kingdom (Bank of England).

Real estate: borrowing rates continue to rise

The average rate of

real estate loans (excluding insurance) stood at 1.40% in the second quarter of 2022, compared to 1.12% in the previous quarter, according to the latest report by the Crédit Logement / CSA Observatory. Despite this increase, caused in particular by the heightened tensions on all financial markets since the outbreak of the war in Ukraine, rates remain well below inflation. This hasn’t happened since the late 1950s, notes this bank-affiliated organization. The probability of a shock to the

as the supply of energy has significantly increased, the credit rate could be 2.25% at the end of 2022, predicts the Observatory.

Fight against scams: update of the prevention guide

The national “Task Force” to combat fraud, established in April 2020 by the State Services and the Supervisory Authorities in order to optimize public action in this field, has just updated its guide to prevention for citizens and businesses. The document now has 16 sheets, each of which details a type of fraud (identity theft,

bank account theft, personal training account scam, etc.) and how to protect yourself from it. The Task Force calls in particular for vigilance when purchasing or subscribing to an offer of services on social networks, as they become

main entry points for scams.

7.2 million homes are “energy sieves”

The entire French real estate portfolio would have 7.2 million homes classified as “energy sieves”, that is, classified F or G al

energy performance diagnosis, according to a new estimate by the National Observatory for Energy Redevelopment (ONRE). In particular, 17% of main residences (5.2 million), 32% of second homes (1.2 million) and 27% of vacant homes (0.8 million) would be energy filters. The date of construction of the accommodation, its size, its location, the

the individual or collective character of the habitat and the state of occupation are among the characteristics that influence energy performance, specifies ONRE.

Youth booklet: from 1 August 2022 a share greater than or equal to 2%.

The interest rate of

The Livret Jeune is set by the banks, but it cannot be lower than that of the Livret A, whose rate will drop from 1% to 2% on 1 August 2022. From this date, therefore, the Livret Jeune rate will necessarily be greater than or equal to 2%, reminds the Ministry of Economy, Finance and Industrial and Digital Sovereignty. This brochure is aimed at young people aged 12 to 25 resident in France. It requires a minimum deposit of 10 euros and its ceiling is 1,600 euros, to which the capitalization of interest can be added. Only one Youth Booklet per person is authorized, but it is

it can be combined with the Livret A and the Livret de développement durante et solidire (LDDS).

Abolition of the red stamp from 1 January 2023

La Poste has announced the abolition of the red stamp, allowing the sending of a letter in one day, from 1 January 2023. The volumes of urgent mail have decreased, the latter being replaced by e-mails, which makes the logistics of very expensive 24-hour delivery, explained the public company. A specific service for daily shipments will replace the red stamp: the “Red e-Letter”. This € 1.49 offer will allow you to send a digital document to La Poste, responsible for printing and distribution in envelopes in one day. It could, for example, be used for

last minute administrative procedures o


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