Central banks want to ‘take a breather’ with interest rates

Central banks around the world are “hoping and praying” recent signs of a fall in inflation will continue and they won’t need to lift interest rates much more, according to The Australian’s Washington correspondent Adam Creighton. “I think if they do lift them much more, there will be serous consequences for the real economy, for ordinary households and businesses,” he told Sky News Business Editor Ross Greenwood. “They don’t want to do that, I think they want to take a breather, so to speak, that’s what the RBA has done.”