The rate at which households are saving is declining.
Household deposits decreased by 212 million euro in May, after an increase of 1.2 billion euro in April.
Central Bank figures show while deposits over the last year went up by almost 7.4 billion euro, the rate it has grown has declined from the highs seen during the pandemic.
Net lending to households fell by 130 million in May, which was driven by decreases in loans for house purchases, where repayments exceeded new drawdowns.
