Banks don't loan out deposits, their ability to make loans isn't dependent upon savings: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2

Banks don't loan out deposits, their ability to make loans isn't dependent upon savings: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...