3 Comments
author

In the flow of funds data, right? Yes, that will be interesting to see when it comes out for the first quarter.

Expand full comment

Correct (and yes, the numbers are quarterly, I had forgotten about that).

Expand full comment

Hey Marcus, well-documented as always.

Given the drop in depos and rising interest rate spread, I would expect that part of the money has been channeled to securities (especially greek t-bills, yielding > 2%). BoG tracks such numbers, but with a substantial lag, so this will remain just a hunch for some time.

As for the link, I can only tip my hat in appreciation. 🎩

Expand full comment