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That is certainly what the banks would prefer to happen; currently people are essentially forced to subsidised banks, as pretty much everyone these days is paid
by rsynnott 1y ago
That is certainly what the banks would prefer to happen; currently people are essentially forced to subsidised banks, as pretty much everyone these days is paid by bank transfer into a current account which likely pays little if any interest.
It's less clear that it would make sense not to pay interest from the ECB's pov.