this post was submitted on 08 Sep 2023
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‘Dear bankers, it’s time to wake up:’ Belgium raises record €22 billion from savers in ‘clear signal’ for higher bank rates (english.elpais.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Belgium has raised a record €21.9 billion ($23.65 billion) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent grows with lenders failing to keep up with surging interest rates. The sale marks the biggest funding drive from households in Belgium’s history and is likely Europe’s biggest retail bond sale, the country’s debt agency says.

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[–] anewbeginning 13 points 1 year ago

Banks have so much liquidity that they don’t even need to hold on to all of the current deposits. Otherwise the rates would go up.