No menu items!

Brazil Savings Account Deposits Rise in May by Record R$37.2 Billion, Says Central Bank

RIO DE JANEIRO, BRAZIL – (Reuters) Brazilian savings accounts grew by a record R$37.2 (US$7.3) billion in May, central bank figures showed on Thursday, as the lockdown measures to tackle the coronavirus crisis curbed spending across the country.

Brazilian savings accounts grew by a record R$37.2 (US$7.3) billion in May, central bank figures showed on Thursday, as the lockdown measures to tackle the coronavirus crisis curbed spending across the country.
Brazilian savings accounts grew by a record R$37.2 (US$7.3) billion in May, central bank figures showed on Thursday, as the lockdown measures to tackle the coronavirus crisis curbed spending across the country. (Photo internet reproduction)

That was higher than April’s R$30.5 billion net increase in deposits, then a record, and brought net deposits in the first five months of the year to R$63.9 billion, compared to a R$17 billion outflow in the same period last year.

 

Check out our other content

×
You have free article(s) remaining. Subscribe for unlimited access.