Isarescu: New deposits double in five months

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The crisis made the population to re-direct their money towards deposits, the number of the new ones doubling over Jan. – May 2009 compared to the corresponding period of last year, announced on Thursday Romania’s National Bank (BNR) Governor Mugur Isarescu at the presentation of the quarterly inflation report.

„New deposits have doubled over Jan. – May 2009 as part of Romania’s readjustment process, of adjustment of its foreign deficit, of feeling the crisis effects, as well as of population’s reorientation from loan-taking to deposits, from term deposits to competitive ones and from durables to consumption, cheap goods”, said the Governor.

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