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Brazil Savings Account Deposits Rise in May by Record R$37.2 Billion, Says Central Bank

RIO DE JANEIRO, BRAZIL - (Reuters) Brazilian savings accounts grew by a record R$37.2 (US$7.3) billion in May, central bank figures showed on Thursday, as the lockdown measures to tackle the coronavirus crisis curbed spending across the country.

That was higher than April’s R$30.5 billion net increase in deposits, then a record, and brought net deposits in the first five months of the year to R$63.9 billion, compared to a R$17 billion outflow in the same period last year.

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