{
  "id": 16060644,
  "title": "Jefferies sees French regulated savings outflows double in September",
  "url": "https://urgent.news/2026/10/22/jefferies-sees-french-regulated-savings-outflows-double-in-september",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T15:05:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/jefferies-sees-french-regulated-savings-outflows-double-in-september-93CH-4966858"
  },
  "original_language": "en",
  "account": "French regulated savings accounts saw a sharp €5.3bn outflow in September, nearly double the €2.6bn withdrawn in the same period last year, according to investment firm Jefferies. By the end of September, total regulated savings balances fell to €687.1bn, a 0.1% decline year-on-year, contrasting with a 3.9% increase in September 2025. The bank reported total outflows of €12bn for the year to date, compared to inflows of €2.2bn during the same period in 2025. September usually experiences minimal activity, with an average of just €355m inflows over the 2016-2025 timeframe. These accounts, including Livret A, LDDS, LEP, and Livret Jeune, provide tax-free interest with no fees and full liquidity. The French government adjusts their rates twice a year, in February and August, using a formula that combines the 12-month average of short-term rates and inflation. The Livret A rate was raised to 1.7% from January 1, 2027. Jefferies anticipates the rate could rise by another 70 basis points to 2.4% in February 2027, if inflation stabilizes around 3.1% and the European Central Bank hikes rates by 25 basis points in December. The LEP rate, with a minimum of Livret A plus 0.5%, remains at 2.5% as of August 1, despite the typical expectation of around 2.2%. Higher Livret A rates could negatively impact French banks by increasing funding costs and potentially drawing inflows away from other deposits and investment products. According to consensus estimates, a 50 basis point change in the Livret A rate would affect French retail units' 2027 pretax profit by about 4%, or roughly 1% at the group level.",
  "summary": null,
  "key_points": [
    "French regulated savings outflows double to €5.3bn in September",
    "Total regulated savings balances drop to €687.1bn, 0.1% YoY decline",
    "Jefferies predicts Livret A rate could rise to 2.4% in February 2027"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hellenic Shipping News",
        "title": "Gibraltar sees busiest September for bunker calls since 2021",
        "url": "https://urgent.news/2026/10/22/gibraltar-sees-busiest-september-for-bunker-calls-since-2021",
        "published": "2026-10-22T10:00:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}