22.3 billion euros in savings have already flowed into the government bond, and yet banks are not offering higher interest rates: why is nothing moving? | One-year government bond

With more than 22 billion euros in subscriptions, the state bond exceeds everyone’s wildest expectations. Think of this as a big middle finger from the saver towards the banks. Yet they don’t move for a meter, and that was the goal. “The banks would be crazy if they had already raised the interest on savings”, says Financial Economics lecturer Gertjan Verdict (KU Leuven). He gives three good reasons why. “A reaction is necessary towards December.”