Rock-bottom rates creates fiscal space for G20 - OECD


  • World
  • Sunday, 24 Jul 2016

CHENGDU, China (Reuters) - The world's leading economies have discussed how to take advantage of their lower debt costs to spend more on investment as a way to boost weak economic growth, the head of the Organisation for Economic Co-operation and Development said.

"Already lower interest rates create more fiscal space," OECD Secretary General Angel Gurria told Reuters on Sunday on the sidelines of a meeting of finance ministers and central bank governors from the Group of 20 economies.

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