OECD asks central banks to hold rates

oecd-logo

Pier Carlo Padoan, chief economist at the OECD, on Thursday asked central banks not to raise interest rates, warning a new recession cannot be ruled out.

During a presentation of the OCED's latest Interim Economic Assessment, Padoan said: "Growth is turning out to be much slower than we thought three months ago, and the risk of hitting patches of negative growth going forward has gone up."

The report showed economic recovery has come close to a halt in major industrialised economies, with fallin

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: