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AAP
AAP
Business
Steven Deare

Aussies stashed cash as Omicron took hold

Australians increased their bank deposits in December as Omicron took hold. (AAP)

Australians stashed more money in the bank at the beginning of the Omicron outbreak and Federal Treasurer Josh Frydenberg hopes it will be used to revitalise the nation's economy.

A sharp rise in household deposits of 1.7 per cent ($20.7 billion) occurred in December, APRA figures show, as the number of Australians sick with the latest coronavirus variant reached record levels.

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