Bank of Portugal says accumulated savings important in economic recovery

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Bank of Portugal says accumulated savings important in economic recovery Lusa 11:54 Mário Centeno said on Wednesday that the savings accumulated by individuals and companies in deposits will be important for the economy's recovery. The governor of the Bank of Portugal said on Wednesday in parliament that the savings accumulated by individuals and companies in deposits will be an important cushion in the economy’s recovery. According to Mário Centeno, between May 2019 and May 2021, the individuals’ deposits accumulated an additional €19.8 billion, while in companies, the increase was €15 billion. “This is a significant cushion. The wealth accumulated in...