The consumer savings went up by 26% or by 21.5 billionlei (around 5 billion euros) in the last two years, during whichthe crisis has been fully felt.
Analysts explain this apparently paradoxical growth throughpeople's strong sense of caution, as well as through the highinterest rates offered by banks in 2009 and in the first part oflast year.
The consumers' bank savings rose by 450 million lei (105 millioneuros) in January, up 1% against the previous month and 10.6%against the corresponding period of 2010, NBR (National Bank ofRomania) data reveal.
Foreign currency-denominated savings fell by 0.4% against December,to 39,6 billion lei (9.3 billion euros), but were 5.5% higher thanin January last year.
"The fact that the consumer savings are rising is a good thingconsidering that we still have a low rate of saving. The consumersavings trend will depend on the disposable income, on inflationand the unemployment rate in the months to come, as well," commentsLucian Anghel, chief economist of the BCR.
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