It would be better to compare retail deposits as a ratio against, say, M1 or whatever. Otherwise it's always a constant all-time high with nothing to compare past performance.
yes, you could adjust these deposits with m2. but i think that would make it even more noticeable, because m2 has stagnated more in the eurozone in the last two years, if i remember correctly. that makes this language behavior all the more grotesque
reply