Savers still unwilling to leave bank deposits
Risk-averse savers have to shop around even harder to get good returns on their savings as banks get flooded with easy money.
That trend is likely to intensify in coming months, as the European Central Bank, the Bank of Japan and the United States Federal Reserve pump cash into the global economy.
Australian Bureau of Statistics figures are evidence that banks are still flush with deposits from cautious investors unwilling to dip into volatile share markets.
Source: Australian Financial Review