Tuesday September 22, 2020

Inflation drop boosts deposit returns

Real returns on cash deposits increased last month as consumer prices continued to fall in Ireland, increasing the spread between interest rates and inflation.

16th December, 2012

Real returns on cash deposits increased last month as consumer prices continued to fall in Ireland, increasing the spread between interest rates and inflation.

The consumer price index fell to a two-year low of 0.8 per cent in November - a 0.4 percentage point drop from the month before - meaning deposits earned more in real terms during the month as the value of money eroded at a slower pace.

The best deposit rates in the market...

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