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The National Bank of Belgium announced a new absolute record on the volume of funds in savings accounts in banks of the country, which at the end of June 2018 reached 265 billion 800 million euros. The previous record at the level of 265 billion euros was recorded in August 2016. In June, the volume of funds in savings accounts grew by 1 billion 400 million euros in comparison with May. Since the beginning of the year, the increase amounted to 5 billion 600 million euros. Many Belgian banks offer consumers a statutory minimum of 0.11% while maintaining extremely low interest rates throughout the euro area. As the Belgian newspaper L'Echo writes, however, it does not restrain growth of savings in the accounts.
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The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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