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
added to the venue for hollywood s biggest awards. the field of best picture contenders features many of last year s biggest box office hits, including elvis, and everything everywhere all at once. now on bbc news, talking business. hello, everybody, welcome to talking business with me, aaron heslehurst. let s take a look at what s on the show. rates are rising around the world, so why aren t more savers getting a better deal from their banks? bumper profits are expected from the world s biggest financial institutions this year, as they charge more to borrow. but those with savings haven t seen the same consistent increase in what they get paid for putting money in the bank. so, why not? 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 frederick maller from university college london, who thinks central banks should consider more radical steps to get the banks to pass on
are you a first time buyer, have recently taken on a mortgage or are looking to move how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. cuba is completely without power after hurricane ian has struck the western end of the island. two people are reported dead. florida now braces itself for the category three hurricane with life threatening winds, floods and tidal surges. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . gas flows in the nordstream 1 pipeline were stopped in august. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has criticise
but here s what i would say is that savers have lots of opportunities besides the bank that they currently store their deposits with. so, if you look at the marketplace for transaction like deposit products, money market mutual funds, cds, certain high yield savings accounts, they are offering very competitive rates. one of the reasons banks are able to keep their rates low is because consumers are slow to re optimise, they are slow to find these opportunities. but they are certainly out there. and so i think the first step is for consumers to make sure that they re doing what they want to do with their money and that they re aware of the opportunity costs that they are paying by staying in the account that they re currently in. matthew plosser from the federal reserve bank of new york, a real pleasure having you on the show, thank you forjoining me and i ll check in with you soon. thanks for having me. because banks are charging more for lending but paying less to savers, they could