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Money away, basically? they weren't going on holidays, they weren't going out? this was certainly true post—financial crisis, and the pandemic brought it back in spades. things were starting to normalise and then, of course, during the pandemic, banks became again awash in deposits. and only once deposit rates started rising did we see that pattern reverse. consumer spending went up, but so did opportunities to invest your cash in more competitive vehicles. when rates were really low, during covid or after the financial crisis, we didn't see a lot of opportunities for depositors to find bett...

And so, banks have had more funding than they really need in order to finance the investment opportunities that they see in the marketplace. and that's made them more reticent to raise deposit rates and saving rates when they go up. because they already have more funding than they really know what to do with. and we talk about the banks being awash with cash. has a big part of that come off the back of the pandemic? when people were putting money away, basically? they weren't going on holidays, they weren't going out? this was certainly true post—financial crisis and the pandemic brought it ...