Bankitalia publication: in 2023 fewer bank deposits, more BTPs and bonds

John

By John

“In 2023, there was a reallocation of demand for financial instruments, which shifted from bank deposits to more profitable instruments”. This is what the Bank of Italy recalls in its publication ‘regional economies’ according to which “the process, particularly intense in the first part of the year, was more accentuated in the Centre and North West of the country”. “Savers increased their deposits above all investments in government bonds, bank bonds and OICR shares. In a context of increasing opportunity costs for savers to hold liquidity, in 2023 banks in all areas of the country increased the remunerations recognized on collection instruments, in particular on time deposits».