Central banks must be "prudent" on rate cuts until slowing inflation is anchored, OECD warns

There's been a reality check about the likelihood of official interest rate cuts in the coming months. The Paris based OECD - which is led by Australia's former Finance Minister, Mathias Cormann - says central banks need to be cautious about slashing rates, until there's firm evidence that inflation is under control. The advice comes as Australia's Reserve Bank board prepares to reveal its rates decision. Reporter: Peter Ryan, Senior Business Correspondent Featured: Mathias Cormann, OECD secretary-general