Central bankers holding steady on interest rates

The world’s central bankers met in the US resort of Jackson Hole, Wyoming over the weekend and appear to have no immediate plans to move interest rates. Better economic data and livelier stock markets aside, the bankers have been saying in private and public they are content to leave interest rates very low, without fear of inflation, according Bloomberg and the Financial Times. The Group of 20 largest economies in the world will meet late September in Pittsburgh, Pennsylvania in the US to discuss how to avert future financial crises.