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French savers draw down their “Livret A” accounts amid rising inflation

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France's common, government-regulated tax-free financial savings account scheme, generally known as the "Livret A", is prone to elevate rates of interest in February after recording the largest deposit outflow since 2014.

Withdrawals exceeded deposits by virtually €3 billion in October, as a traditionally low rates of interest discouraged folks from saving.

Rising inflation is the principle concern for financial policymakers throughout the globe. South Korea's central financial institution has determined to lift charges as soon as once more to 1%.

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