OECD blames stalled world growth on central bank 'distortions'
A further delay in US Federal Reserve rate increases will continue the market distortions caused by low and negative interest rates
Nevil Gibson Mon, 26 Sep 2016
A further delay in US Federal Reserve rate increases will continue the market distortions caused by low and negative interest rates, the OECD says in its latestInterim Economic Outlook.
It says the low rates are pumping up asset prices, including housing. The OECD has also issued a new