Formula, non

p55-centralbank-gif

Livret A has long been a unique part of the French inflation market. Ever since the French government included an index component in the formula for the Livret A tax-free savings rate in 2004, it has been a major driver of the inflation market, with retail banks looking to hedge the exposure created through their Livret A account offerings. Livret A is also used as a benchmark for the financing of social housing, leading to hedging demand from local authorities and real estate companies too.

The

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: