Organisation revises global outlook but warns it may be too soon to know if price pressures are contained
Business live – latest updates
Central banks should be certain they have beaten inflation before cutting interest rates this year, the Organisation for Economic Co-operation and Development (OECD) said despite revisions to its outlook that showed inflation was falling at a faster rate than previously expected.
The Paris-based organisation, which represents 38 countries, said it was “too soon to be sure that underlying price pressures are fully contained”.
About Author
More Stories
Bodies recovered from illegal goldmine in South Africa where many feared dead
Apple asks investors to block proposal to scrap diversity programmes
Boeing production in 2024 expected to be less than half of rival Airbus