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Banca Transilvania expects Romanian households to keep high savings rate

The savings rate will be at a high level among Romanian households in the following quarters, against the background of the fiscal-budgetary consolidation expected on the short term and the development of the capital market in the medium term, according to Andrei Radulescu, chief economist of Banca Transilvania - the country’s biggest lender. The savings rate among the Romanian households increased in the first nine months of 2019 by a percentage ...

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