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
Locations for that, because today is supposed to be the hottest for this warmup, but as you can imagine, not everyone has the luxury of being indoors during this heat. Its tough, going to be tough for workers who work outdoors, people like construction workers, street pavers, and the like, but theres certainly used to it. They know the drill for this type of weather, they let you take breaks in the shade, stay hydrated. Its spare the air day, which means officials expect the air quality to decline. Thats another problem with outdoor exposure and the heat, for some, particularly those with respiratory problems and those young or elderly, because air pollutants are trapped closer to the ground during the heat. But back out here live in san jose, for those who are vulnerable and have the ability to go to a cooling center, that is certainly an option. Locations are available simply by calling the city and asking for those locations. Live in san jose, nannette miranda, nbc bay area news. Al
in other words, one that tracks the market, isjust over 7%. but the average rate that savers get is around just one quarter of 1%. it s important to say that those average rates are just that an average. the banks say they offer much better saving rates on some products, but finding them and getting them means that savers have to be active in moving money and looking for better deals. we asked the american bankers association, the international banking federation, and uk finance, which represents uk banks, to talk to us today. they all declined our invitation. but some bank chiefs have been called to answer questions about this issue to lawmakers. here s what the boss of britain s lloyds banking group said to members of parliament. typically, people with money to invest and save, they aren t struggling with the cost of living, with the day to day living expenses, and they typically don t have a mortgage. the average mortgage customer has £75,000 of income. and for savers, it s the s