OECD warns against removing stimulus support despite rising inflation

Banks should offer clear guidance

The Organisation for Economic Co-operation and Development (OECD) has urged central banks and governments to maintain their pandemic-related support despite a rebound in global growth and rising inflation.

In its September interim economic outlook, the OECD said that while the global economic recovery is strong, it remains uneven as countries grapple with a range of issues including vaccination rates, supply bottlenecks and further inflation. Technical 'bluff' sees UK 12-month inflation dip in July The thinktank warned that financial support for economies should remain while short-term outlook uncertainty persists, adding that fiscal and monetary policy plans should be clearly set out by central banks. This should be combined with continuing loose monetary policy, such as low interes...