Cash Holders Gone Wild

Is this the reason why Mark Carney went Full “shock-and-awe”-tard this morning?

Households may have started to hoard their cash, with new figures showing that the amount of money being kept outside Britain’s banking system is now rising at the fastest rate since the financial crisis.

As Sky News reports, in the weeks following the EU referendum, the rate at which households and businesses built up holdings of UK banknotes and coins rose above 8% a year for the first time since 2009, according to a Sky News analysis of Bank of England statistics.

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