Bank of Portugal says accumulated savings important in economic recovery


Source: econews.pt econews.pt
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Bank of Portugal says accumulated savings important in economic recovery Lusa 11:54 Màƒ¡rio 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 economyࢀ™s recovery. According to Màƒ¡rio Centeno, between May 2019 and May 2021, the individualsࢀ™ deposits accumulated an additional ࢂ¬19.8 billion, while in companies, the increase was ࢂ¬15 billion. ࢀœThis is a significant cushion. The wealth accumulated in…