ZAP // André Kosters / Lusa; IGCP
The value invested in savings certificates rose in October, interrupting an 11-month decline and reaching 34,127.9 million euros – the highest amount ever.
The Bank of Portugal announced, this Thursday, that csavings certificates are rising again after 11 months of decline, having reached a record.
This inversion in the global value placed in savings accounts (CA) takes place in the month in which they came into effect on the maximum amounts that individuals can invest in these public debt securities, with the limit of F series (currently on sale) to double from R$50 thousand to R$100 thousand and the combined value of series E and F increasing from R$250 thousand to R$350 thousand.
The almost 34,128 million euros that families had invested in savings certificates at the end of October compare with the 33,887.9 million euros recorded in the previous month and the 34,071.5 million euros in the same year, which were also a record since the beginning of the statistical series (December 1998).
In turn, the treasury certificates maintained their decline in October started in January 2022, with the global value set at 10,010.7 million euros, around 90 million euros lower than that recorded in the previous month and 1.4 billion euros lower compared to the previous year.
This evolution reveals that, while in CA the value of money entered in new applications throughout the month of October exceeded that of exits (amortizations); in treasury certificates the opposite happened.
The data released this Thursday by the banking supervisor confirm the expectations of those responsible for CTT who at the beginning of October, when the new rules came into force, anticipated that they would boost demand for certificates.
Alongside the increase in the maximum limit per saver, expectations of greater demand were also based on the fact that, in term deposits, the remuneration rate offered by banks had already started to fall, making the 2.5% CA more appetizing.
