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
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. they earn they earn 4% and they typically only give you i%. so, for every £100 that you save with them, they earn annually £4, they give you £1,
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? well, i caught up with the boss of one of the world s biggest players to find outjust how the world is letting the train take the strain. henri poupart lafarge, a real pleasure having you on my show. thanks for your time.