Other rates are not as high. Nonetheless, across the board, spreads between deposit rates and wholesale rates have generally shifted in the same direction over the past couple of years. Obviously this is good news for depositors. It means that, if you have funds to invest, and you’re prepared to shop around, now is a very good time to find a favourable rate.
After the pandemic, a new era must begin, one of intense multilateral cooperation, in which widespread injustice is reduced and new opportunities are created. Europe's responsible and balanced input must not be lacking.