i m going to be discussing it with these three, there they are, matthew plosser from the new york federal reserve, liz lumley from the banker magazine, and frederic malherbe from university college london, who thinks central banks should consider more radical steps to get the banks to pass on better deals for savers. plus, the boss behind the trains of tomorrow. my interview with the global ceo of one of the world s biggest train and tram makers, on the future of transport across the world. wherever you arejoining me from around the world, once again a big hello, and warm welcome to the show. you know, across the world s most powerful countries, the cost of borrowing money has been going up. central banks, they ve been raising the interest rates to tackle inflation. and while banks have been lightning fast in passing on those rising rates to those who borrow from them, those who save with their banks, well, they ve not been seeing the same immediate reaction. if they want hig
the australian prime minister, and the us president. the three countries are expected to agree to provide australia with nuclear powered submarines. now on bbc news, talking business. welcome to talking business. take a look at what is on the show. rates are rising around the world so why aren t more savers getting a better deal from the banks? bumper profits are expected from the biggest financial institutions this year as they charge more to borrow but those with savings have not been the same consistent increase in with what they get paid with putting money in the bank. so why not? i would discuss this with these three, we have the new york federal reserve, the banker magazine and the university of couege magazine and the university of college london, who thinks that central banks should consider more radical steps to get banks to pass on better deals for savers. plus what is behind the trend of tomorrow, my interview with a global ceo with one of the biggest tram and tram
profits, it s.it sjust not a good look. and i think that they re looking a little wary that something like that might happen. but we ll see. 0k. well, on that point, liz lumley from the banker magazine, a real pleasure having you on the show. thanks for your time, and i ll talk to you soon. thank you. well, my next guest from university college london says that central banks should be looking at taking radical steps to change this situation, if banks don t pass on interest rates to savers. frederic malherbe, a real pleasure having you on the show. i know you like to go by, fred, so we ll start with this, fred what action do you think central banks should take to, well, to make sure that banks pass on higher rates to savers? that s an excellent question. so here s here s the situation at the moment. for instance, in the uk, banks can get your money. you save their money with your money with them and they park it at the central bank,
but itjust means that there is extra liquidity in the system, and the central bank is paying 4% for that in the in the uk, other rates elsewhere in the world. but then the question is to whom should those interest payments go? should it be to the savers or to the bank? and so, in my point of view, it should be a bit of both, but probably much more a much, much biggerfraction should go to the savers and for the service they provide, a small fraction should go to to the bank. well, on that note, frederic malherbe, a real pleasure having you on the show. thanks for your input and i ll check in with you soon. thank you very much. my pleasure. you know, the global transport system has had a time of, well, unparalleled disruption. but with the pandemic seemingly over and the supply chain problems largely resolving themselves, what s the future of the train?