Money Market - Household Savings

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Money Market - Household Savings Powered By Docstoc
					                                                                                                                                                                                                  
				
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Description: In Slovenia, April saw continued growth of household deposits in banks, which are gaining in importance again, given gradual increases in interest rates and outflows from mutual funds. Euro savings are still on the increase, while foreign currency savings have been declining for the eleventh month in a row as a consequence of lower interest rates and higher exchange rate risk. Mutual funds managed by domestic administrators recorded a net outflow of assets for the fourth consecutive month. After decreasing for three months, the volume of assets in mutual funds strengthened somewhat in April. The increase was based on positive average returns recorded by funds. Despite this growth, the volume of assets was almost a fifth lower relative to the end of 2007.
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