Tag #Bce Policy

What is the primary factor driving the shift of Spanish savings from bank deposits to investment funds?

Spanish savers have shifted their savings from bank accounts to investment funds, with fund assets growing 15.1% while deposits increased only 3.4% in the last year. This reflects lower deposit interest rates due to European Central Bank monetary policy, causing a search for better returns. The shift is notable given Spaniards' traditionally conservative investment profiles.