Household savings growing at slowest rate in five years

During October, the total value of household savings declined by €89m to €153bn. Picture: iStock

Household savings grew at the slowest rate in five years in the 12 months to October adding just €4.1bn in value during that time, new Central Bank of Ireland figures shows.

The figures suggest that the savings boom seen during the pandemic has tapered off with the total value of savings declining last month and consumer lending increasing.