Giuliano Giacaglia
@giu
Bank deposits are going down and there is no reason for this trend to revert right now
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Mac Budkowski ᵏ
@macbudkowski
So people withdraw despite high interest rate?
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clun.eth
@clun.eth
Banks still have extremely low interest rates in savings accounts, so people move their money out to higher yielding stuff like money market accounts. Banks basically built their business models on being able to borrow customer money for free, and now that interest rates are rising they have a hard time adapting.
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