Central banks must beat inflation before cutting interest rates, says OECD
by Phillip Inman and Richard Partington from Economics | The Guardian on (#6JCMG)
Organisation revises global outlook but warns it may be too soon to know if price pressures are contained
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".
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