Personal savings come to a grinding halt despite rising interest
RON deposits would record year-on-year real term increased of 45% on a monthly basis.
The annual growth rate of RON deposits this July was almost 18 points below December 2007’s 41%.
Even compared with June, the growth slowed down suddenly, being more than 4% below December 2007’s 46% rate.
The paper remarks that the slowdown in loans his July occurred even before the application of new restrictive loan regulations by BNR that will come in force in early October only.