OECD Warns Central Banks Against Premature Rate Cuts Amid High Inflation and Global Economic Headwinds
- Central banks should ensure inflation is contained before cutting interest rates, says OECD
- Inflation remains high in UK and US, though forecast to decline
- Further conflict in Middle East could renew price pressures and shortages
- China's weak growth is a headwind for global economy
- Bank of England dampens expectations for aggressive rate cuts this year
