Policy Application News Today

im 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 worlds biggest train and tram makers, on the future of transport across the wor...

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 arent 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...

added to the venue for hollywoods biggest awards. the field of best picture contenders features many of last years 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. lets take a look at whats on the show. rates are rising around the world, so why arent more savers getting a better deal from their banks? bumper profits are expected from the worlds b...

The negative impacts of climate change could further deteriorate the number of glaciers both on the poles and inland, experts warn, underlining an overall...

Climate change causes a significant rise in glacial melting, and this indirectly triggers wildfires, said a Turkish academic, Anadolu Agency reports. The increasing melting of the polar glaciers, w...

Turkish experts warn of wildfires, extreme weather events if climate change not tackled.

And we talk about the banks being awash with cash. has a big part of that come off the back of the pandemic? when people were putting money away, basically? they werent going on holidays, they werent going out? this was certainly true, post—financial crisis, and the pandemic brought it back in spades. things were starting to normalise, and then, of course, during the pandemic, banks became again awash in deposits. and only once deposit rates started rising did we see that pattern reverse. cons...

The back of the pandemic? when people were putting money away, basically? they werent going on holidays, they werent going out? this was certainly true post—financial crisis and the pandemic brought it back in spades. things were starting to normalise and then, of course, during the pandemic, banks became again awash in deposits. and only once deposit rates started rising did we see that pattern reverse. consumer spending went up but so did opportunities to invest your cash in more competitive...

Money away, basically? they werent going on holidays, they werent going out? this was certainly true post—financial crisis, and the pandemic brought it back in spades. things were starting to normalise and then, of course, during the pandemic, banks became again awash in deposits. and only once deposit rates started rising did we see that pattern reverse. consumer spending went up, but so did opportunities to invest your cash in more competitive vehicles. when rates were really low, during cov...

To find better deals. all rates were low. and, matthew, let me end on this. im just wondering should central banks be doing more? can they do more perhaps to force banks to increase the rates for savers? im not going to make a policy application here but heres 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 mutualfunds, cds, certain...