Tue. Jan 18th, 2022

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PARIS — France’s Livret A bank savings rate – held by millions of customers across the country – has been raised to 1% from 0.5% before, although the rate remains below current inflation levels.

French Finance Minister Bruno Le Maire announced the new Livret A savings rate on the TF1 news program on Friday.

Inflation within the euro zone bloc hit 5% last month, and many in France are worried that higher household bills and rising energy prices could erode their personal finances. (Reporting by Sudip Kar-Gupta; Editing by Benoit Van Overstraeten)

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